Open Institutional Account
Institutional clients can open an account with Southern Cross Equities by contacting us directly and discussing their financial needs with a Southern Cross Equities advisor. Telephone us on +61 2 9231 0880 or Contact Us. Alternatively, you can complete the account opening process by downloading our PDF account opening documents and completing and returning these documents to us.
Southern Cross Equities is focused on servicing the financial needs of professional investors and our account opening procedures are structured around the informational needs for the establishment of wholesale counterparty relationships. We regularly open multiple accounts for each client so that we are able to utilise the advantages of CHESS to facilitate the efficient allocation of trade bookings to individual accounts. For each account, we require details of the account's custodial arrangements.
In keeping with regulatory requirements, new institutional clients will need to provide us with documentation on the authority of its officers to instruct us.
Clients should provide to their settlement agent/custodian, the following information for the facilitation of trade settlement:
Settlement Clearer:
Bernadale Securities Limited:
Swift BIC:
BESEAU3MXXX:
CHESS PID:
DVP vs. PID 01113:
Prior to opening an account, Southern Cross Equities and Berndale are required to provide our Disclosure Statements. Southern Cross Equities offers its institutional clients electronic trade confirmations. Clients wishing to avail of this service should download the Institutional Disclosure Statement.
Southern Cross Equities trades derivative products on behalf of institutional clients. Clearing and settlement of derivative trades are settled through our third party clearer or are 'given up' to the client's nominated clearer. For a client seeking to trade derivatives through us, both Southern Cross' Derivative Agreement and Berndale's Derivative Agreements will need to be completed.
We provide our institutional clients with electronic trade confirmation and order routing. Contact us to organise activation.