Updates to the Global Markets Trading Terms and Conditions 18 October 2024

Effective Friday 18 October 2024, the following changes will be made to the Global Markets Trading Terms and Conditions.

  • Updated the Westpac Share Trading logo
  • Added the Global Markets phone number
  • Added two new Defined Terms;
  • Available Exchanges means an international exchange made available by us as an exchange on which we'll execute or arrange for the execution of trades in accordance with the Global Markets Trading Terms and Conditions. The Available Exchanges can be viewed on the trading platform and is subject to change from time to time dependent on our legitimate business requirements;
  • Global Markets Trading Service means the Westpac Global Markets Trading Service, which is the Global Markets trading platform provided by Our International Custodian;
  • Added a new sentence under ‘you or your’ definition point 2: For the avoidance of doubt, this may require us, from time to time, being required to change trading providers and/or International Custodian dependent on their service provision and/or offerings.
  • Added a new sub-clause d. under point 16.
  • d. If we change the International Custodian or enter into custody arrangements with another Agent or Agents, we will provide you with written notice confirming the incoming Agent/Custodian and their contact information as soon as reasonably practicable, before your International Securities are held by that International Custodian, if you do not want to transfer to the new Custodian, you can contact us for alternative options, this may mean, we may not be able to provide services to you.
  • New point 20 and 21 and updated subsequent numbers:
  • 20. The Global Markets Trading Service, is only offered in relation to International Securities listed on Available Exchanges, which may be updated from time to time on the trading platform.
  • 21. We reserve the right to withdraw or add an Available Exchange and/or an International Security to/from the Global Markets Trading Service, dependent on our legitimate business requirements. If we withdraw an Available Exchange from the Global Markets Trading Service, we will ensure to give you reasonable notice of not less than thirty (30) days (unless circumstances beyond our control necessitate a shorter or no notice period) regarding our withdrawal from the designated International Securities, foreign stock exchanges, foreign markets and foreign currencies. During the notice period, as defined in the withdrawal notice, you will have the option to provide us instructions on how to deal with any affected International Securities. If you fail to respond by the stated time in the withdrawal notice, you understand and acknowledge that we may sell any affected International Securities on your behalf and credit the proceeds (net of any deductions or set-offs that we are entitled to make) to your Global Markets trading account.

The updated document will be available for download from this website from 18 October 2024.

Should you have any questions about these changes, please contact us.

Published: 11 October 2024