Notice of changes to Global Markets Trading Terms and Conditions

This notice contains changes to the Global Markets Trading Terms and Conditions and Financial Services Guide that will take effect from 1 December 2017.

Global Markets Trading Terms and Conditions

CURRENT VERSION UPDATED VERSION
Section 12 (Page 2) Section 12 (Page 2)
12. Foreign exchange is offered only for the purpose of settlement of trades. A variable foreign exchange spread charge may be incurred for providing this option, not exceeding 1% away from the underlying wholesale spread (bid/offer) as provided by either the Commonwealth Bank of Australia or its Agent Pershing LLC. 12. Foreign exchange is offered only for the purpose of settlement of trades. A variable foreign exchange spread charge may be incurred for providing this option. The foreign exchange fee is 0.6% of the transaction amount.

Financial Services Guide

 CURRENT VERSION UPDATED VERSION
Global Markets
(page 8) 		Brokerage(GST free)
(page 8) 		Brokerage GST free)
(page 8)

United States

New York Stock Exchange

NASDAQ

NYSE Amex Equities

 USD$57.95 or 0.65%, whichever is greater1. Additional brokerage of USD$1.04 per contract applies to US Option trades.

USD$19.95 for trades up to USD$5,000,
USD$29.95 for trades up to USD$10,000,
0.31% for trades above $10,0001

For exchange traded options, USD$57.95 or 0.65% of the option premium, whichever is greater1 plus USD$1.10 per contract
Canada USD$57.95 or 0.65%, whichever is greater1. Additional fee of CAD$0.027 per share USD$57.95 or 0.65%, whichever is greater1. Additional fee of CAD$0.015 per share

Notes
1. For all limit and market orders which are not fully executed in the same trading day, normal brokerage will be charged for the total portion executed per day. Brokerage charges may be converted and applied in the local currency. This may result in variances in the US dollar equivalent brokerage being applied.		 Notes
1. For all limit and market orders which are not fully executed in the same trading day, normal brokerage will be charged for the total portion executed per day. Brokerage charges may be converted and applied in the local currency. This may result in variances in the US dollar equivalent brokerage being applied. Unless otherwise indicated, where a fee is expressed as a percentage, it refers to a percentage of the transaction value.
Brokerage
(page 9)		Notes Notes

1. Custody fees are assessed to accounts defined as inactive; that is, accounts holding a security position for a calendar year (1 January to 31 December) without generating a trade, or margin interest of USD$100 or more. Dividend reinvestment activity is not considered as a trade. 1. Custody fees are applied to accounts defined as inactive; that is, accounts holding a security position for a calendar year (1 January to 31 December) without generating a trade, or margin interest of USD$100 or more. Regular reinvestment activity in mutual funds and/or exchange activity in mutual funds will be considered as a trade. Dividend reinvestment activity is not considered as a trade.

A full copy of our updated Global Markets Trading Terms and Conditions and Financial Services Guide will be available for download from 1 December 2017.

If you have any questions, please call the Global Markets Trading desk on 1300 757 319 (open 24 hours on US trading days) or email us on globalmarkets@westpac.com.au.

This notice is issued by Australian Investment Exchange Ltd (“we”, “us” “our”).

Share Trading through Westpac Securities Limited ABN 39 087 924 221, AFSL 233723 ("Westpac Securities") is a service provided by Australian Investment Exchange Ltd ABN 71 076 515 930, AFSL 241400 ("the Participant"), a participant of the ASX Group and Chi-X Australia.

Published: 24 November 2017

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