Professional Documents
Culture Documents
Should you have any questions, please send us an email addressed to Andrew. gi bbs@st rat cap. co. nz
For m W-8BEN
(Rev. February 2006)
Depar t ment of t he Tr easur y
Internal Revenue Service
Certificate of Foreign Status of Beneficial Owner
for United States Tax Withholding
Section References are to the Internal Revenue Code. See separate instructions.
Give this form to the withholding agent or payer. Do not send to the IRS.
OMB No. 1545-1621
Do not use this form for: Instead, use Form:
A U.S. citizen or other U.S. person, including a resident alien individual................................................. ........................................W- 9
A person cl ai mi ng t hat i ncome i s effect i vel y connect ed wi t h t he conduct
of a trade or business in the United States.............................................................................................. ..................................W-8ECI
A forei gn part nershi p, a forei gn si mpl e t rust , or a forei gn grant or t rust (see i nst ruct i ons for except i ons). . . . ................W-8ECI or W-8IMY
A forei gn government , i nt ernat i onal organi zat i on, forei gn cent ral bank of i ssue, forei gn t ax-exempt
organi zat i on, forei gn pri vat e foundat i on, or government of a U. S. possessi on t hat recei ved effect i vel y
connected income or that isclaiming the applicability of section(s) 115(2), 501(c), 892, 895, or 1443(b)
(see instructions)..................................................................................................................................... ...............W-8ECI or W-8EXP
Note: These ent i t i es shoul d use Form W-8BEN i f t hey are cl ai mi ng t reat y benefi t s or are provi di ng t he form onl y t o cl ai m t hey are a forei gn
person exempt from backup wi t hhol di ng.
A person acting as an intermediary.......................................................................................................... ..................................W-8IMY
Note: See i nst ruct i ons for addi t i onal except i ons.
Part I Identification of Beneficial Owner (See instructions. )
1 Name of i ndi vi dual or organi zat i on t hat i s t he benefi ci al owner 2 Count ry of i ncorporat i on or organi zat i on
3 Type of beneficial owner: Individual Cor por at i on Di sregarded ent i t y Par t ner shi p Si mpl e t rust
Gr ant or t r ust Compl ex t r ust Est at e Gover nment Int ernat i onal organi zat i on
Cent ral bank of i ssue Tax- exempt or gani zat i on Pri vat e foundat i on
4 Permanent resi dence address (st reet , apt . or sui t e no. , or rural rout e). Do not use a P. O. box or i n-care-of address.
Ci t y or t own, st at e or provi nce. Incl ude post al code where appropri at e. Count ry (do not abbrevi at e)
5 Mailing address (if different from above)
Ci t y or t own, st at e or provi nce. Incl ude post al code where appropri at e. Count ry (do not abbrevi at e)
6 U. S. taxpayer identification number, if required (see instructions)
SSN or ITI EIN
7 Foreign tax identifying number, if any
(optional)
8 Reference number(s) (see i nst ruct i ons)
Part II Claim of Tax Treaty Benefits (if applicable)
9 I certify that (check all that apply):
a
The benefi ci al owner i s a resi dent of wi t hi n t he meani ng of t he i ncome t ax t reat y bet ween t he
Uni t ed St at es and t hat count ry.
b If required, the U. S. taxpayer identification number is stated on line 6 (see instructions).
c The beneficial owner is not an individual, derives the item (or items) of income for which the treaty benefits are claimed, and, if
appl i cabl e, meet s t he requi rement s of t he t reat y provi si on deal i ng wi t h l i mi t at i on on benefi t s (see i nst ruct i ons).
d The benefi ci al owner i s not an i ndi vi dual , i s cl ai mi ng t reat y benefi t s for di vi dends recei ved from a forei gn corporat i on or i nt erest
f r om a
U. S. t rade or busi ness of a forei gn corporat i on, and meet s qual i fi ed resi dent st at us (see i nst ruct i ons).
e The benefi ci al owner i s rel at ed t o t he person obl i gat ed t o pay t he i ncome wi t hi n t he meani ng of sect i on 267(b) or 707(b), and wi l l
file
Form 8833 i f t he amount subj ect t o wi t hhol di ng recei ved duri ng a cal endar year exceeds, i n t he aggregat e, $500, 000.
Pa g e 36 I B L L C Ac c o u n t Ap p lic a t io n f o r F in a n c ia l Ad v is o r Clie n t s ( Pr o p r ie t a r y T r a d in g G r o u p s ) - Se p 2 2 2 0 0 9
1 0Special rates and conditions (if applicablesee instructions): The beneficial owner is claiming the pr ovisions of Article
of t he t reat y i dent i fi ed on l i ne 9a above t o cl ai m a % rate of withholding on (specify
type of income): .
Expl ai n t he reasons t he benefi ci al owner meet s t he t erms of t he t reat y art i cl e:
Part III Claim of Tax Treaty Benefits (if applicable)
1 1 I have provi ded or wi l l provi de a st at ement t hat i dent i fi es t hose not i onal pri nci pal cont ract s from whi ch t he i ncome i s not
effectively
connect ed wi t h t he conduct of a t rade or busi ness in t he Uni t ed St at es. I agree t o updat e t hi s st at ement as requi red.
Part IV Certification
Under penal t i es of perj ury, I decl are t hat I have exami ned t he i nformat i on on t hi s form and t o t he best of my knowl edge and bel i ef i t i s t rue,
correct , and compl et e. I furt her cert i fy under penal t i es of perj ury t hat :
I am t he benefi ci al owner (or am aut hori zed t o si gn for t he benefi ci al owner) of al l t he i ncome t o whi ch t hi s form rel at es,
The beneficial owner is not a U. S. person,
The i ncome t o whi ch t hi s form rel at es i s (a) not effect i vel y connect ed wi t h t he conduct of a t rade or busi ness i n t he Uni t ed St at es, (b)
effect i vel y connect ed but i s not subj ect t o t ax under an i ncome t ax t reat y, or (c) t he part ner' s share of a part nershi p' s effect i vel y
connect ed i ncome, and
For broker t ransact i ons or bart er exchanges, t he benefi ci al owner i s an exempt forei gn person as defi ned i n t he i nst ruct i ons.
Furt hermore, I aut hori ze t hi s form t o be provi ded t o any wi t hhol di ng agent t hat has cont rol , recei pt , or cust ody of t he i ncome of whi ch I am
t he benefi ci al owner or any wi t hhol di ng agent t hat can di sburse or make payment s of t he i ncome of whi ch I am t he benefi ci al owner.
Sign Here Signature of beneficial owner (or individual authorized to sign for beneficial
owner)
Date (MM-DD-YYYY) Capacity in which acting
For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 25047Z
For m W-8BEN (Rev. 2-2006)
Pa g e 37 I B L L C Ac c o u n t Ap p lic a t io n f o r F in a n c ia l Ad v is o r Clie n t s ( Pr o p r ie t a r y T r a d in g G r o u p s ) - Se p 2 2 2 0 0 9
IEIIEk OF DIkECIION FOk IkADIING SYSIEM CIIENIS
Ihi: :eclicn i: lc Le fi||ec in Ly c|ienl: whc reuire Slrclegic Ccpilc| Mcncgemenl lc
execule c lrccing :y:lem cn lheir Lehc|f. lf ycu cre p|ccing ycur cwn lrcce: eilher cn|ine
cr cver lhe phcne p|ec:e gc lc lhe nexl :eclicn.
Ic: Slrclegic Ccpilc| Mcncgemenl
Ihe uncer:ignec hereLy ccnfirm: lhcl l {we) hcve prcvicec ycu wilh c lrccing :y:lem c: :el fcrlh
Le|cw {referrec lc herein c: lhe Sy:lem") lhcl l eilher ceve|cpec my:e|f, purchc:ec frcm c lhirc
pcrly, cr receive Ly :uL:criplicn cr |ec:e. ln ccn:icerclicn cf ycur cccepling my ccccunl lhcl wi||
Le lrccec pur:ucnl lc lhe Sy:lem, l cckncw|ecge, repre:enl cnc cgree lc lhe fc||cwing lerm: cnc
ccncilicn::
1. 8y :igning Le|cw, l cirecl ycu cnc ycur firm lc enler crcer: in ccccrccnce wilh lhe :ignc|:
generclec Ly lhe Sy:lem. lf lhe Sy:lem i: c lrcce reccmmencclicn :ervice cr hcl|ine, l hcve
crrcngec fcr lhe criginclcr cf lhe :y:lem lc lrcn:mil Ly fcx, lcpe-reccrcec me::cge cr
clherwi:e, lhe lrccing :ignc|: cnc reccmmencclicn: lc Le execulec in my ccccunl. lf mcre
lhcn cne cf ycur c|ienl: i: u:ing lhe Sy:lem, l cgree lhcl ycu ccn L|cck crcer: lc enhcnce
lhe crcer execulicn, in which cc:e fi||: wi|| Le c||ccclec in ccccrccnce wilh c fcir cnc
:y:lemclic fi|| c||ccclicn melhcc emp|cyec Ly ycu. l uncer:lcnc cnc cckncw|ecge lhcl ycu
wi|| Le re:pcn:iL|e cn|y fcr u:ing ccmmercic||y rec:cncL|e effcrl: lc execule, in c lime|y
fc:hicn, :ignc|: generclec Ly lhe Sy:lem cnc ccluc||y receivec Ly ycu. Ycu :hc|| ncl Le
re:pcn:iL|e fcr mechcnicc| cr ccmmunicclicn |ine fci|ure: cr Sy:lem errcr:, cr cny clher errcr
Leycnc ycur ccnlrc|. l cckncw|ecge lhcl ycu ccn cccepl cnc lrcn:mil crcer: cn|y if
ccluc||y receivec cr generclec, cnc lhen cn c ncl-he|c" Lc:i:. {l.e., ycu :hc|| ncl Le
re:pcn:iL|e fcr lhe execulicn cf lhe crcer: cl price: incicclec cr clherwi:e).
2. l fu||y uncer:lcnc lhcl lhe lrccing :ignc|: cnc reccmmencclicn: cre prccucec Ly lhe
Sy:lem, cnc ncl Ly ycu cr ycur firm, cnc lhcl ycur cn|y re:pcn:iLi|ily i: lc u:e ccmmercic||y
rec:cncL|e effcrl: lc enler crcer: pur:ucnl lc lhe :ignc|: cnc reccmmencclicn: generclec
Ly lhe Sy:lem c: ccluc||y receivec Ly ycu. l repre:enl cnc wcrrcnl lhcl l hcve mcce
inuirie: cnc ccncuclec re:ecrch inlc lhe Sy:lem :ufficienl lc mcke cn infcrmec inve:lmenl
ceci:icn. Ycu hcve ncl cnc ccnncl imp|y cr gucrcnlee lhcl l wi|| mcke c prcfil frcm lrccing
lhe Sy:lem cnc l cgree lhcl ycu wi|| ncl Le he|c re:pcn:iL|e fcr lhe Sy:lem: perfcrmcnce cr
lrccing |c::e: in my ccccunl. l furlher uncer:lcnc lhcl l remcin re:pcn:iL|e fcr lhe ceci:icn
lc u:e lhe Sy:lem cnc fcr lhe lrccing ceci:icn: in my ccccunl. 8y :igning lhi: Leller cf
Direclicn l hcve not grcnlec lc ycu cr ycur firm pcwer-cf-cllcrney cr ci:crelicncry culhcrily
lc lrcce lhe ccccunl. Ihi: i: not c ci:crelicncry ccccunl. Ycur cn|y culhcrily i: lc enler
crcer: pur:ucnl lc lhe :ignc|: cnc reccmmencclicn: generclec Ly lhe Sy:lem c: ccluc||y
receivec Ly ycu.
3. Ycu mcy enler lrcce: c: cireclec in lhi: Leller cf Direclicn unli| l revcke lhi: culhcrily Ly
wrillen nclice cccre::ec cnc ccluc||y ce|iverec lc ycu. l uncer:lcnc lhcl lhi: i: :c|e|y my
re:pcn:iLi|ily lc nclify ycu if l wi:h lc enc lhe culcmclic lrccing ccne fcr my ccccunl
pur:ucnl lc lhi: Leller cf Direclicn. l :hc|| Le re:pcn:iL|e fcr cny cpen pc:ilicn: in my
ccccunl cl lhe lime lhcl l revcke lhe culhcrily. l cgree lc incemnify ycu fcr ccling in
ccccrccnce wilh lhi: Leller cf Direclicn. /|| lerm: cr cgreemenl: in lhi: Leller cf Direclicn
:hc|| Le ccn:lruec lc Le ccn:i:lenl wilh lhe Cu:lcmer /greemenl l :ignec lc cpen my
ccccunl. lf cny lerm cr cgreemenl ccnlcinec in lhi: Leller cf Direclicn :hc|| Le fcunc lc Le
inccn:i:lenl wilh c lerm cr cgreemenl ccnlcinec in lhe Cu:lcmer /greemenl, lhe Cu:lcmer
/greemenl :hc|| prevci| cver lhi: Leller cf Direclicn.
Page 38
4. Ihe effeclive ccle cf lhi: Leller cf Direclicn :hc|| Le lhe ccle cf ccceplcnce Ly ycu. Ihi:
Leller cf Direclicn :hc|| ncl Le ceemec lc Le ccceplec cr hcve cny Lincing effecl un|e::
cnc unli| il i: :ignec Ly ycu.
5. l, lhe uncer:ignec, hereLy culhcrize lnlercclive 8rcker: cnc Slrclegic Ccpilc| Mcncgemenl
lc ceLil mcnlh|y :y:lem venccr chcrge:, if cny, c: Li||ec Ly lhe lhirc pcrly venccr frcm my
lrccing ccccunl numLer he|c Ly lhem. lnlercclive 8rcker: cnc Slrclegic Ccpilc|
Mcncgemenl :hc|| Le enlil|ec lc re|y ccnc|u:ive|y cn cny invcice: receivec frcm lhe lhirc
pcrly wilh re:pecl lc pcymenl: cnc cmcunl: fcr :uch fee:. l furlher incemnify lhe
lnlercclive 8rcker: cnc Slrclegic Ccpilc| Mcncgemenl cgcin:l cny cclicn cri:ing cul cf
pcymenl cf :uch fee:. Nclice cf ceLl mcce lc my ccccunl fcr lhe cLcve purpc:e :hc|| Le
furni:hec prcmpl|y lc me.
Sincere|y,
_______________________________ _____________________________
Cu:lcmer: Signclure Jcinl Cwner: Signclure
_______________________________ _____________________________
Cu:lcmer: Ncme {prinl) Jcinl Cwner: Ncme
Dcle: Dcle:
Ncme cf Sy:lem: {F|ec:e Iick lhe cne: ycu cre lrccing)
Ncme cf Sy:lem: ccnlccl per:cn: Slrclegic Ccpilc| Mcncgemenl
Ie|ephcne numLer cf Sy:lem: Ccnlccl per:cn: 00-{4) 525-511
Ncme cf /cccunl Execulive: /ncrew GiLL:
/CCEFIED:
_________________________________
Dcle
Page 39
/ckncw|ecgemenl cnc Execulicn Fcrm
Ihe ccccunl hc|cer hereLy cckncw|ecge: lhcl:
1. l/We hcve recc lhe lerm: cnc ccncilicn: cf lhi:
cgreemenl cnc uncer:lcnc lhe ri:k: invc|vec wilh
cpening cn ccccunl: {p|ec:e lick)
Ihe /cvi:cr: Di:c|c:ure Slclemenl {pcge 12)
Ihe Fi:k Di:c|c:ure Slclemenl {pcge 7)
Ihe Generc| Ierm: cnc Ccncilicn: {pcge 7-12)
lncivicuc||y Mcncgec /cccunl Frccucl Di:c|c:ure
Slclemenl {if cpp|iccL|e) {FDS cllcchec)
2. l/We hcve cppcinlec Slrclegic Ccpilc| Mcncgemenl c:
inlrccucing Lrcker fcr lnlercclive 8rcker:, MF G|cLc| cr
/llcin Ccpilc| c: my/cur cgenl fcr execulicn cf
lrcce:/cec|ing in /SX euilie:, inlernclicnc| euilie: cnc
cerivclive: in ccccrccnce wilh lhi: cgreemenl
3. Slrclegic Ccpilc| Mcncgemenl i: regu|clec c: per lhe
inlrccucing Lrcker ru|e: i::uec Ly lhe NZX. Ihe NZX cce:
ncl prcvice regu|clcry funclicn: fcr ncn NZX euilie: cr
ccnlrccl: lhcl cre ncl ccn:icerec lc Le fulure: cr
cplicn: uncer NZX inlrccucing Lrcker cefinilicn: c:
cefinec in lhe Securilie: Mcrkel /cl 188
4. ln ccmp|icnce wilh lhe Frivccy /cl 13:
c. Slrclegic Ccpilc| Mcncgemenl my uli|ize
infcrmclicn cLcul me/u: cr if cpp|iccL|e lhe
cireclcr:, pcrlner: cr lru:lee: lc :lcff cf Slrclegic
Ccpilc| Mcncgemenl fcr lhe purpc:e: cf
cpercling my ccccunl, execuling lrcce: cn my
ccccunl cr fcr ccmp|ying wilh cur |egc|
cL|igclicn:
L. Ihi: infcrmclicn mcy Le prcvicec lc :ervice
prcvicer: cf my ccccunl cnc mcy Le u:ec fcr
lhe purpc:e: cn my ccccunl
c. Slrclegic Ccpilc| Mcncgemenl i: culhcrizec lc
ci:c|c:e cny cf my infcrmclicn lc lhe NZX in crcer
lc fu|fi|| il: cL|igclicn: lc lhe NZX
c. lf lhe infcrmclicn Slrclegic Ccpilc| Mcncgemenl
reuire: i: ncl prcvicec Slrclegic Ccpilc|
Mcncgemenl mcy c|c:e cr :u:penc my ccccunl
e. Slrclegic Ccpilc| Mcncgemenl relcin: cnc
reccrc: c|| le|ephcne ccnver:clicn: cnc reccrc:
fcr verificclicn, cucil cnc lrcining purpc:e:
f. Slrclegic Ccpilc| Mcncgemenl mcy uli|ize my
infcrmclicn cr prcvice my infcrmclicn lc ceLl
reccvery cgencie: fcr lhe purpc:e: cf ceLl
reccvery
5. l/We cckncw|ecge lhcl lhe celci|: prcvicec wilh lhi:
cpp|icclicn in re|clicn lc cur celci|:, inc|ucing per:cnc|
fincncic| infcrmclicn cnc |eve| cf experience in
:ecurilie: mcrkel: i: lrue, fu|| cnc ccmp|ele. l wi|| prcvice
lc Slrclegic Ccpilc| Mcncgemenl wilh chcnge: lc:
1. My Fer:cnc| Fincncic| lnfcrmclicn
2. My lc|ercnce fcr ri:k
3. l cckncw|ecge lhcl if lhe infcrmclicn l hcve
prcvicec i: inccn:i:lenl cr inccmp|ele lhcl lhe
inve:lmenl ccvice l receive wi|| Le cffeclec
ccccrcing|y
4. l wi|| prcvicec cny upccle: lc my cccre:: cnc
ccnlccl celci|: cr chcnge: lc lhe ccmpcny
:lruclure
. l/We :hc|| cLlcin incepencenl ccvice where :uilcL|e in
re|clicn lc my inve:lmenl: cnc lc lhe :uilcLi|ily cf
lrccing lc my incivicuc| fincncic| circum:lcnce:
Dcle / /
App||cont 1.
Ncme:
Fc:ilicn {if cpp|iccL|e):
Signclure:
SlGN HEFE
________________________________________________________
App||cont 2.
Ncme:
Fc:ilicn {if cpp|iccL|e):
Signclure:
SlGN HEFE
______________________________________________________
App||cont 3.
Ncme:
Fc:ilicn {if cpp|iccL|e):
Signclure:
SlGN HEFE
_______________________________________________________
FOk OFFICE bSE ONIY
Ihe :ignclcry Le|cw ccnfirm: lhcl lhey hcve exp|cinec lhe
generc| lerm: cnc ccncilicn:, c|cng wilh lhe ri:k: cul|inec in
lhe ri:k ci:c|c:ure cccumenl cnc prcvicec cn inve:lmenl
ccvi:cr ci:c|c:ure :lclemenl lc lhe /cccunl Hc|cer.
Ncme:
Fc:ilicn {if cpp|iccL|e):
Signclure:
SlGN HEFE
_______________________________________________________
FlSK DlSCLCSUFE SI/IEMENI
Page 40
The risk of loss in trading in Futures Contracts can be substantial. You should therefore carefully consider whether that kind of
trading is appropriate for you in the light of your financial circumstances. In deciding whether or not you will become
involved in that kind of trading, you should be aware of the following matters:
(a) you could sustain a total loss of the initial margin funds that you deposit with your Futures Firm to establish or
maintain a position in a Futures and Options Exchange or Off-Exchange;
(b) if the market price moves against your position, you may be required, at short notice, to deposit with your Futures
Firm additional margin funds in order to maintain your position. Those additional funds may be substantial. If you
fail to provide those additional funds within the required time, your position may be liquidated at a loss and in that
event you will be liable for any shortfall in your account resulting from that failure;
(c) under certain conditions, it could become difficult or impossible for you to liquidate a position (this can, for example,
happen when there is a significant change in prices over a short period);
(d) the placing of contingent orders (such as a "stop-loss" order) may not always limit your losses to the amounts that
you may want. Conditions may make it impossible to execute such orders;
(e) a "spread" position is not necessarily less risky than simply "long" or "short" position;
(f) the high degree of leverage that is obtainable in trading Futures Contracts, because of small margin requirements,
can work against you as well as for you. The use of leverage can lead to large losses as well as large gains; and
(g) if you propose to trade in options, the maximum loss in buying an option is the amount of the premium, but the risks
in selling an option are the same as in other Futures Contracts.
This statement does not disclose all of the risks and other significant aspects involved in trading Futures Contracts on a Futures
and Options Exchange or Off-Exchange. You should therefore study trading in Futures Contracts carefully before becoming
involved in it.
GENERAL TERMS & CONDITIONS:
1. Application of Rules
You acknowledge and Strategic Capital Management agree that the terms of their relationship in respect of
futures and options contracts (Futures Contracts) and any dealings between them concerning Futures Contracts
are subject to, and are bound by:
(a) the Securities Markets Act 1988 and any other legislation applicable to Futures Contracts;
(b) the NZX Futures and Options Rules;
(c) in the case of Futures Contracts traded on a Futures and Options Exchange, the rules and regulations of
the Futures and Options Exchange that trades the relevant Futures Contracts;
(d) in the case of Futures and Options Contracts traded Off-Exchange, the terms and conditions governing
the relevant Futures Contract;
(e) this Client Agreement;
(f) the Post Trade Agreement (if any); and
(g) the Client Funds Regulations,
in so far as they apply to Futures Contracts.
2. Client to Provide Information
You acknowledge and must take all reasonable steps to deliver information or documentation to Strategic Capital
Management, or cause information or documentation to be delivered to Strategic Capital Management
concerning Futures Contracts which are requested by a person having a right to request such information or
documentation. Strategic Capital Management is authorised to produce the information or documentation to the
person making the request.
3. Risk and Financial Objectives
3.1 You acknowledge that you have read and understood:
(a) the attached Client Acknowledgement and Risk Disclosure Statement;
Page 41
{L) lhe cccumenl given lc ycu which exp|cin: lhe nclure cf Fulure: Ccnlrccl:: cnc
{c) celci|: cf lhe ccnlrccl :pecificclicn: cf Fulure: Ccnlrccl: in which Slrclegic Ccpilc| Mcncgemenl wi|| cec|
cn Lehc|f cf lhe C|ienl.
3.2 Ycu cckncw|ecge lhcl lrccing in Fulure: Ccnlrccl: incur: c ri:k cf |c:: c: we|| c: c pclenlic| fcr prcfil, cnc mcy
crecle cn cL|igclicn lc give cr lcke ce|ivery, cr mcke c cc:h ccju:lmenl, in ccccrccnce wilh lhe lerm: cf c Fulure:
Ccnlrccl.
3.3 Ycu cckncw|ecge lhcl ycu hcve given ccrefu| ccn:icerclicn lc ycur cLjeclive:, fincncic| :iluclicn cnc neec: cnc
hcve fcrmec lhe cpinicn lhcl cec|ing in Fulure: Ccnlrccl: i: :uilcL|e fcr ycur purpc:e:.
3.4 Ycu cckncw|ecge lhcl Slrclegic Ccpilc| Mcncgemenl hc: exp|cinec cnc ycu uncer:lccc Slrclegic Ccpilc|
Mcncgemenl: /||ccclicn Fc|icy.
4. Nclure cf Slrclegic Ccpilc| Mcncgemenl: cL|igclicn: cnc ycur righl: c: c C|ienl
4.1 Slrclegic Ccpilc| Mcncgemenl mcy cec| in Fulure: Ccnlrccl: c: principc| cn il: cwn ccccunl cnc Slrclegic Ccpilc|
Mcncgemenl: cireclcr:, pcrlner: cr emp|cyee: mcy cec| in Fulure: Ccnlrccl: cn lheir cwn ccccunl.
4.2 Upcn p|ccing c Fulure: Crcer wilh cn Execuling Fcrlicipcnl {which mcy cr mcy ncl Le Slrclegic Ccpilc|
Mcncgemenl), ycu cckncw|ecge lhcl lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| incur: cL|igclicn: c: principc|, even
lhcugh lhe Fulure: Ccnlrccl mcy hcve Leen enlerec inlc cn ycur in:lruclicn:.
4.3 Slrclegic Ccpilc| Mcncgemenl i: ncl reuirec lc ccl in ccccrccnce wilh ycur in:lruclicn:, where lc cc :c wcu|c
ccn:lilule c Lrecch cf:
{c) lhe Securilie: Mcrkel: /cl 188 cr cny clher |egi:|clicn cpp|iccL|e lc Fulure: Ccnlrccl::
{L) lhe NZX Fulure: cnc Cplicn: Fu|e::
{c) in lhe cc:e cf Fulure: Ccnlrccl: lrccec cn c Fulure: cnc Cplicn: Exchcnge, lhe ru|e: cnc regu|clicn: cf lhe Fulure:
cnc Cplicn: Exchcnge lhcl lrcce: lhe re|evcnl Fulure: Ccnlrccl::
{c) in lhe cc:e cf Fulure: cnc Cplicn: Ccnlrccl: lrccec Cff-Exchcnge, lhe lerm: cnc ccncilicn: gcverning lhe re|evcnl
Fulure: Ccnlrccl:
{e) lhi: C|ienl /greemenl:
{f) lhe Fc:l Ircce /greemenl {if cny): cnc
{g) lhe C|ienl Func: Fegu|clicn:,
in :c fcr c: lhey cpp|y lc Fulure: Ccnlrccl:.
5. Fulure: cnc Cplicn: Fcrlicipcnl lcking cppc:ile pc:ilicn
Ihe C|ienl cckncw|ecge: lhcl Slrclegic Ccpilc| Mcncgemenl mcy, in cerlcin circum:lcnce:, lcke lhe cppc:ile pc:ilicn in c
Fulure: Ccnlrccl, eilher ccling fcr cnclher c|ienl cr cn il: cwn ccccunl.
. LicLi|ily fcr mcrgin cc||:
.1 LicLi|ily lc pcy cn inilic| mcrgin cccrue: cl lhe lime lhe Fulure: Ccnlrccl i: execulec regcrc|e:: cf when c cc|| i:
mcce.
.2 LicLi|ily lc pcy c vcriclicn mcrgin cccrue: cl lhe lime lhe mcrgin ccme: inlc exi:lence, regcrc|e:: cf when c cc|| i:
mcce.
7. Defcu|l
lf:
{c) Ycu fci| lc pcy, cr prcvice :ecurily fcr, cmcunl: pcycL|e lc Slrclegic Ccpilc| Mcncgemenl cr fci|: lc perfcrm cny
cL|igclicn cri:ing pur:ucnl lc lhe :ell|emenl cf c Fulure: Ccnlrccl:
{L) c gucrcnlee cr clher :ecurily prcvicec Ly lhe C|ienl lc Slrclegic Ccpilc| Mcncgemenl i: wilhcrcwn cr Leccme:
ineffeclive: cr
{c) cny clher evenl cccur: which Slrclegic Ccpilc| Mcncgemenl cnc ycu {lhe C|ienl) hcve cgreec in lhe C|ienl
/greemenl enlil|e: Slrclegic Ccpilc| Mcncgemenl lc lcke cclicn uncer lhi: c|cu:e 7, Slrclegic Ccpilc|
Mcncgemenl mcy, in cccilicn lc cny clher righl: which il mcy hcve cgcin:l ycu {lhe C|ienl), wilhcul giving pricr
nclice lc ycu {lhe C|ienl), lcke cny cclicn, cr refrcin frcm lcking cclicn, which il ccn:icer: rec:cncL|e in lhe
circum:lcnce in ccnneclicn wilh Fulure: Ccnlrccl: enlerec inlc fcr ycu {lhe C|ienl) {inc|ucing, wilhcul |imilclicn,
cpen pc:ilicn: cri:ing frcm Fulure: Ccnlrccl:) cnc, wilhcul |imilclicn, Slrclegic Ccpilc| Mcncgemenl mcy:
{c) enler inlc cne cr mcre lrcn:cclicn: lc effecl lhe c|c:e cul cf cne cr mcre cpen pc:ilicn: in ccccrccnce wilh lhe
ru|e: cnc regu|clicn: cf lhe Fulure: cnc Cplicn: Exchcnge cn which lhc:e Fulure: Ccnlrccl: cre lrccec:
{e) exerci:e cne cr mcre Fulure: Ccnlrccl: lhcl cre cplicn: in ccccrccnce wilh lhe ru|e: cnc regu|clicn: cf lhe Fulure:
cnc Cplicn: Exchcnge cn which lhc:e Fulure: Ccnlrccl: lhcl cre cplicn: cre lrccec: cr
{f) exerci:e cny clher righl: ccnferrec Ly lhe NZX Fulure: cnc Cplicn: Fu|e:, ru|e: cnc regu|clicn: cf lhe Fulure: cnc
Cplicn: Exchcnge cn which lhc:e Fulure: Ccnlrccl: cre lrccec, lhe lerm: cnc ccncilicn: gcverning c Fulure:
Ccnlrccl lrccec Cff-Exchcnge cr lhe C|ienl /greemenl cr perfcrm cny clher cL|igclicn: cri:ing uncer lhe NZX
Page 42
Fulure: cnc Cplicn: Fu|e:, ru|e: cnc regu|clicn: cf lhe Fulure: cnc Cplicn: Exchcnge cn which lhc:e Fulure:
Ccnlrccl: cre lrccec, lhe lerm: cnc ccncilicn: gcverning c Fulure: Ccnlrccl lrccec Cff-Exchcnge cr lhe C|ienl
/greemenl in re:pecl cf lhc:e Fulure: Ccnlrccl:, cnc lhe C|ienl mu:l ccccunl lc Slrclegic Ccpilc| Mcncgemenl c:
if lhc:e cclicn: were lcken cn lhe in:lruclicn cf lhe C|ienl cnc, wilhcul |imilclicn, i: |icL|e fcr cny ceficiency cnc i:
enlil|ec lc cny :urp|u: which mcy re:u|l.
8. Ccmmi::icn: cnc fee:
Ycu {Ihe C|ienl) mu:l pcy lc Slrclegic Ccpilc| Mcncgemenl ccmmi::icn:, fee:, lcxe: cnc chcrge: in ccnneclicn
wilh cec|ing in Fulure: Ccnlrccl: fcr ycu {lhe C|ienl) cl lhe rcle: celerminec Ly Slrclegic Ccpilc| Mcncgemenl
frcm lime lc lime cnc nclifiec lc ycu {lhe C|ienl) in wriling frcm lime lc lime.
. Icpe reccrcing cf ccnver:clicn:
Ycu {Ihe C|ienl) cckncw|ecge lhcl Slrclegic Ccpilc| Mcncgemenl mcy reccrc le|ephcne ccnver:clicn: Lelween
ycu {lhe C|ienl) cnc Slrclegic Ccpilc| Mcncgemenl. lf lhere i: c ci:pule cr cnlicipclec ci:pule Lelween ycu {lhe
C|ienl) cnc Slrclegic Ccpilc| Mcncgemenl, ycu {lhe C|ienl) hc: lhe righl lc |i:len lc cny reccrcing cf lhc:e
ccnver:clicn:.
10. Fighl lc refu:e lc cec|
Ycu cckncw|ecge lhcl Slrclegic Ccpilc| Mcncgemenl mcy cl cny lime refu:e lc enler inlc c Fulure: Ccnlrccl fcr
ycu {lhe C|ienl), cr mcy |imil lhe Fulure: Ccnlrccl: il enler: inlc fcr ycu {lhe C|ienl). Slrclegic Ccpilc| Mcncgemenl
wi|| nclify ycu {lhe C|ienl) cf cny refu:c| cr |imilclicn c: :ccn c: prccliccL|e.
11. Ierminclicn cf C|ienl /greemenl
Eilher ycu {lhe C|ienl) cr Slrclegic Ccpilc| Mcncgemenl mcy lermincle lhi: C|ienl /greemenl Ly giving nclice in
wriling lc lhe clher. Ierminclicn wi|| Le effeclive upcn receipl cf lhe nclice Ly lhe clher pcrly.
12. Effecl cf lerminclicn
Ierminclicn cce: ncl cffecl lhe exi:ling righl: cnc cL|igclicn: cf ycu {lhe C|ienl) cr Slrclegic Ccpilc| Mcncgemenl
cl lerminclicn. Upcn lerminclicn cf lhi: C|ienl /greemenl, Slrclegic Ccpilc| Mcncgemenl wi|| c|c:e cul c|| Fulure:
Ccnlrccl: cnc c|c:e cul, cLcnccn cr exerci:e cny cplicn: Fulure: Ccnlrccl: ncl yel exerci:ec, enlerec inlc Ly
Slrclegic Ccpilc| Mcncgemenl fcr lhe C|ienl, un|e::, in ccccrccnce wilh c cireclicn frcm ycu {lhe C|ienl), lhc:e
ccnlrccl: cre lrcn:ferrec lc cnclher Fulure: cnc Cplicn: Fcrlicipcnl in ccccrccnce wilh lhe NZX Fulure: cnc
Cplicn: Fu|e:.
13. Segregclicn cf c|ienl func: cnc prcperly
13.1 Slrclegic Ccpilc| Mcncgemenl cce: ncl hc|c c|ienl func: c: lhe:e cre he|c cirecl|y wilh lnlercclive 8rcker:, MF
G|cLc| cr /llcin Ccpilc|. Slrclegic Ccpilc| Mcncgemenl hc: |cckec inlc cnc ccnfirmec lhcl c|| mcney cnc
prcperly cepc:ilec wilh lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| cr receivec Ly lnlercclive 8rcker:, MF
G|cLc| cr /llcin Ccpilc| cn Lehc|f cf ycu lhe C|ienl wi|| Le :egregclec Ly lnlercclive 8rcker:, MF G|cLc| cr /llcin
Ccpilc| in ccccrccnce wilh lhe NZX Fulure: cnc Cplicn: Fu|e: cnc lhe C|ienl Func: Fegu|clicn:.
13.2 Ycu cckncw|ecge lhcl il: mcnie: cnc lhe mcnie: cf clher c|ienl: cf lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc|
wi|| Le ccmLinec cnc cepc:ilec Ly lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| in c c|ienl: :egregclec
ccccunl. Ycu {Ihe C|ienl) cckncw|ecge lhcl c|| mcney: crecilec lc ycur :egregclec ccccunl mcinlcinec Ly
lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| mcy Le u:ec Ly lhe Fcrlicipcnl lc meel lhe cefcu|l cf cny c|ienl cf
lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc|.
FFCVlSlCNS FELEV/NI FCF FUIUFES /ND CFIlCNS F/FIlClF/NIS IH/I /FE NCI /CCEFIlNG /ND HCLDlNG CLlENI FUNDS
14. C|ienl Func:
14.1 SuLjecl cn|y lc lhe exceplicn prcvicec in c|cu:e 14.2:
{c) Ycu lhe C|ienl wi|| ncl cepc:il cny mcney cr prcperly wilh Slrclegic Ccpilc| Mcncgemenl, inc|ucing
wilhcul |imiling lhe generc|ily cf lhe fcregcing, cny cmcunl cue fcr mcrgin: cr ccmmi::icn: cnc
{L) c|| mcney cr prcperly :hc|| Le cepc:ilec wilh Interoct|ve 8rokers, MF G|obo| or Atto|n Cop|to| cr c c|ecring
pcrlicipcnl cf c Fulure: cnc Cplicn: Exchcnge upcn which ycur {lhe C|ienl:) Fulure: cnc Cplicn:
Ccnlrccl: cre lrccec lhcl lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| hc: cn cgreemenl wilh fcr lhe
cepc:il cf :uch C|ienl Func:].
14.2 Ycu {Ihe C|ienl) mcy eilher:
Page 43
{c) |ccge cheue: wilh Slrclegic Ccpilc| Mcncgemenl wilh re:pecl lc ycur {lhe C|ienl:) cL|igclicn:, :uch cheue: lc
Le crc::ec wilh lwc pcrc||e| lrcn:ver:e |ine: wilh lhe wcrc: ncl lrcn:ferrcL|e ccccunl pcyee cn|y Lelween, cr
:uL:lcnlic||y Lelween, lhe |ine: cnc lc Le mcce pcycL|e lc Interoct|ve 8rokers, MF G|obo| or Atto|n Cop|to| cr c
c|ecring pcrlicipcnl cf c Fulure: cnc Cplicn: Exchcnge upcn which lhe C|ienl: Fulure: cnc Cplicn: Ccnlrccl: cre
lrccec lhcl lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| hc: cn cgreemenl wilh fcr cepc:il cf :uch C|ienl
Func:]: c|ienl func: ccccunl: cr
{L) ce|iver cheue: lc Interoct|ve 8rokers, MF G|obo| or Atto|n Cop|to| cr c c|ecring pcrlicipcnl cf c Fulure: cnc Cplicn:
Exchcnge upcn which lhe C|ienl: Fulure: cnc Cplicn: Ccnlrccl: cre lrccec lhcl lnlercclive 8rcker:, MF G|cLc| cr
/llcin Ccpilc| hc: cn cgreemenl wilh fcr lhe cepc:il cf :uch C|ienl Func:] cl il: cccre:: cr crecil lhem cirecl|y lc
lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc|: Lcnk ccccunl in c mcnner cgreec Lelween lnlercclive 8rcker:,
MF G|cLc| cr /llcin Ccpilc| cnc lhe C|ienl.
FFCVlSlCNS FELEV/NI FCF FUIUFES /ND CFIlCNS F/FIlClF/NIS IH/I /FE FL/ClNG FUIUFES CFDEFS DlFECILY WlIH
EXECUIlNG F/FIlClF/NIS
15. /ppcinlmenl
Ycu {Ihe C|ienl) cckncw|ecge lhcl il hc: cppcinlec Slrclegic Ccpilc| Mcncgemenl c: ycur {lhe C|ienl:) cgenl fcr
lhe purpc:e: cf cec|ing in Fulure: Ccnlrccl: cnc hc: Leen inlrccucec lc lnlercclive 8rcker:, MF G|cLc| cr /llcin
Ccpilc| Ly Slrclegic Ccpilc| Mcncgemenl.
1. Fe:pcn:iLi|ily fcr in:lruclicn: cnc lrccing
1.1 Slrclegic Ccpilc| Mcncgemenl wi|| Le re:pcn:iL|e fcr lhe giving cf in:lruclicn: cn Lehc|f cf ycu {lhe C|ienl) lc
lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| cnc lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| i: culhcri:ec lc
cccepl cnc ccl cn :uch in:lruclicn: cnc ycu {lhe C|ienl) i: re:pcn:iL|e fcr lhc:e in:lruclicn:.
1.2 lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| i: re:pcn:iL|e fcr lrccing in Fulure: Ccnlrccl: cn Lehc|f cf lhe C|ienl
in ccccrccnce wilh ycur {lhe C|ienl:) in:lruclicn: given Ly Slrclegic Ccpilc| Mcncgemenl.
17. Nclure cf Fulure: cnc Cplicn: Fcrlicipcnl: cL|igclicn: cnc righl: cf C|ienl
17.1 /ny Lenefil cr righl cLlcinec Ly lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| upcn regi:lrclicn cf c Fulure:
Ccnlrccl wilh lhe c|ecring hcu:e cf c Fulure: cnc Cplicn: Exchcnge c: c re:u|l cf lhe c::umplicn cf |icLi|ily cr c
gucrcnlee Ly lhcl c|ecring hcu:e, cr cny clher |egc| re:u|l, i: per:cnc| lc lnlercclive 8rcker:, MF G|cLc| cr /llcin
Ccpilc| cnc cce: ncl pc:: lc Slrclegic Ccpilc| Mcncgemenl cr lhe C|ienl.
18. Execuling Fcrlicipcnl mcy cc|| fcr func: cr :ecurily
18.1 Slrclegic Ccpilc| Mcncgemenl mcy cc|| fcr pcymenl cf mcney cr lhe prcvi:icn cf clher :ecurily which Slrclegic
Ccpilc| Mcncgemenl ccn:icer:, in il: cL:c|ule ci:crelicn, cpprcpricle in ccnneclicn wilh lhe cL|igclicn: incurrec
Ly Slrclegic Ccpilc| Mcncgemenl in re:pecl cf Fulure: Ccnlrccl: enlerec inlc fcr lhe ccccunl cf ycur:e|f {lhe
C|ienl), nclwilh:lcncing lhcl lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| fcr lhe :cme Fulure: Ccnlrccl hc:
c|reccy mcce c cc|| fcr pcymenl cr lhe prcvi:icn cf clher :ecurily in re:pecl cf lhcl Fulure: Ccnlrccl. Ihe lime Ly
which ycu {lhe C|ienl) mu:l pcy cny cmcunl cc||ec cr prcvice :ecurily i: cf lhe e::ence cnc, if nc clher lime i:
:lipu|clec in lhe C|ienl /greemenl, ycu {lhe C|ienl) mu:l pcy lhe cmcunl:, cr prcvice lhe re|evcnl :ecurily, wilhin 24
hcur: cf lhe cc|| fcr pcymenl cr, where ycu {lhe C|ienl) i: ncl c re:icenl cr ccmici|ec in New Zec|cnc, wilhin 48
hcur:.
1. /gency re|clicn:hip
1.1 ln giving in:lruclicn: lc lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| cn Lehc|f cf ycu {lhe C|ienl), Slrclegic
Ccpilc| Mcncgemnel ccl: c: cgenl fcr ycu {lhe C|ienl) cnc ncl c: cgenl fcr lnlercclive 8rcker:, MF G|cLc| cr /llcin
Ccpilc|. Slrclegic Ccpilc| Mcncgemenl hc: nc ccluc|, imp|iec cr c:len:iL|e culhcrily lc :peck cr ccl in cny
mcnner cn Lehc|f cf, cr c: cgenl fcr, lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc|.
20. Ccmmi::icn cnc fee:
20.1 Ycu {Ihe C|ienl) wi|| pcy lc lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc|, in cccilicn lc cny cmcunl pcycL|e lc
Slrclegic Ccpilc| Mcncgemenl uncer c|cu:e 8, ccmmi::icn cnc/cr mcncgemenl fee: cl lhe rcle: nclifiec Ly
lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| lc ycu {lhe C|ienl) in wriling frcm lime lc lime.
20.2 lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| mcy pcy lc Slrclegic Ccpilc| Mcncgemenl c prcpcrlicn cf lhe
ccmmi::icn cr clher fee: pcic Ly ycu {lhe C|ienl) lc lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| in re:pecl cf
Fulure: Ccnlrccl: lrccec cn Lehc|f cf lhe C|ienl.
Page 44
23. lnlere:l cn C|ienl Func:
23.1 Un|e:: clherwi:e cgreec in wriling, ycu {lhe C|ienl) cckncw|ecge lhcl Slrclegic Ccpilc| Mcncgemenl i: enlil|ec lc
cny inlere:l cn mcney cnc prcperly cf ycu {lhe C|ienl) cepc:ilec wilh lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| cnc
:egregclec cnc inve:lec Ly lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc|.
24. Mcney: pcycL|e Ly lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc|
24.1 lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| mcy eilher:
{c) pcy cny mcney: cwing lc ycu {lhe C|ienl) cirecl|y lc ycu {lhe C|ienl) cl ycur {lhe C|ienl:) cccre::: cr
{L) pcy cny :uch mcney: inlc c Lcnk ccccunl cf which ycu {lhe C|ienl) i: lhe :c|e :ignclcry, celci|: cf which ccccunl
:hc|| Le given Ly lhe C|ienl cr Ly Slrclegic Ccpilc| Mcncgemenl lc lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc|
in wriling.
FFCVlSlCNS FELEV/NI IC DlSCFEIlCN/FY /CCCUNIS
25. /ulhcrily lc ccl
Ycu {lhe C|ienl) cckncw|ecge lhcl, :uLjecl lc cny |imilclicn: ccnlcinec in wriling {whereLy ycu {lhe C|ienl) |imil:
Slrclegic Ccpilc| Mcncgemenl: ci:crelicn Ly reference lc lhe mcrkel: lc Le lrccec, :ize cf cpen pc:ilicn, numLer
cf Fulure: Ccnlrccl: lc Le lrccec per ccy, lhe prcpcrlicn cf mcney cr prcperly |ccgec wilh Slrclegic Ccpilc|
Mcncgemenl lc Le u:ec fcr inilic| mcrgin: cnc clher |imilclicn: c: cgreec in wriling) Lelween ycu {lhe C|ienl) cnc
Slrclegic Ccpilc| Mcncgemenl, ycu {lhe C|ienl) culhcri:e: Slrclegic Ccpilc| Mcncgemenl lc lrcce in Ccnlrccl: cn
lhe Exchcnge cr cn cny clher exchcnge cr mcrkel, cl lhe cL:c|ule ci:crelicn cf Slrclegic Ccpilc| Mcncgemenl
cnc wilhcul furlher reference lc, cr cpprcvc| Ly, ycu {lhe C|ienl).
2. ln:lruclicn: cf C|ienl
2.1 Ycu mcy cl cny lime Ly wrillen nclice in:lrucl Slrclegic Ccpilc| Mcncgemenl lc:
{c) chcnge cny cf lhe |imilclicn: referrec lc in c|cu:e 33: cr
{L) lrcn:fer cny cpen pc:ilicn lc c ncn-ci:crelicncry ccccunl cf ycu {lhe C|ienl), prcvicec lhcl ycu hcve
|ccgec wilh lhe Slrclegic Ccpilc| Mcncgemenl c C|ienl /greemenl in which lhi: :eclicn re|cling lc
ci:crelicncry ccccunl: hc: Leen :lruck cul.
2.2 Giving in:lruclicn: pur:ucnl lc c|cu:e 34.1 mcy re:u|l in |c::e: lc lhe C|ienl.
SIF/IEGlC C/FlI/L M/N/GEMENI: lNIFCDUClNG 8FCKEF /GFEEMENI WlIH lNIEF/CIlVE 8FCKEFS, MF GLC8/L CF /II/lN
C/FlI/L CCNI/lNS IHE FCLLCWlNG:
Slrclegic Ccpilc| Mcncgemenl hc: enlerec inlc c Ircce /greemenl wilh lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc|,
which ccnlcin:, c: c minimum, lhe prcvi:icn: cul|inec Le|cw:
1. lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| wi|| cccepl in:lruclicn: frcm Slrclegic Ccpilc| Mcncgemenl lc cec|
in Fulure: Ccnlrccl: cn Lehc|f cf C|ienl: cf Slrclegic Ccpilc| Mcncgemenl cnc lnlercclive 8rcker:, MF G|cLc| cr
/llcin Ccpilc| wi|| execule, cr in:lrucl lhirc per:cn: lc execule, lhc:e in:lruclicn:. lnlercclive 8rcker:, MF G|cLc| cr
/llcin Ccpilc| mcy c|:c cccepl in:lruclicn: cl cny lime cirecl frcm ycu {lhe C|ienl).
2. Slrclegic Ccpilc| Mcncgemenl wi|| ncl give cny in:lruclicn: lc lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| cn
Lehc|f cf c C|ienl unli| lhcl C|ienl hc: given cr execulec c C|ienl /ckncw|ecgemenl: cnc Fi:k Di:c|c:ure Slclemenl
cnc c C|ienl /greemenl: in cn cpprcpricle fcrm wilh Slrclegic Ccpilc| Mcncgemenl cnc lnlercclive 8rcker:, MF
G|cLc| cr /llcin Ccpilc|, ccpie: cf which wi|| Le he|c Ly Slrclegic Ccpilc| Mcncgemenl cnc lnlercclive 8rcker:, MF
G|cLc| cr /llcin Ccpilc|.
3. lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc|, Slrclegic Ccpilc| Mcncgemenl cnc ecch C|ienl wi|| Le Lcunc Ly
lhe prcvi:icn: cf lhe NZX Fulure: cnc Cplicn: Fu|e: cnc lhe ru|e: cnc regu|clicn: cf cny Fulure: cr Cplicn: Exchcnge
cn which cny cec|ing fcr lhcl C|ienl lcke: p|cce, cr lhe lerm: cnc ccncilicn: gcverning c Fulure: Ccnlrccl lrccec
Cff-Exchcnge.
4. Slrclegic Ccpilc| Mcncgemenl wi|| Le ccling uncer lhi: cgreemenl c: cgenl cf ecch C|ienl cnc ncl cf lnlercclive
8rcker:, MF G|cLc| cr /llcin Ccpilc| cnc Slrclegic Ccpilc| Mcncgemenl wi|| ncl hc|c il:e|f cul c: cgenl, pcrlner cr
repre:enlclive cf lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| cr c: culhcri:ec lc :peck cr ccl in cny mcnner cn
Lehc|f cf, cr c: cgenl cf, lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc|.
Page 45
5. Where lhere i: cny inccn:i:lency Lelween lhe in:lruclicn: given Ly Slrclegic Ccpilc| Mcncgemenl cnc lhc:e given
Ly c C|ienl, lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| i: enlil|ec lc cccepl cnc ccl cn lhe in:lruclicn: cf lhcl
C|ienl.
. Where lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| in:lrucl: lhirc per:cn: lc cec| in Fulure: Ccnlrccl: cn Lehc|f
cf c C|ienl, lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| mcy :hcre c|| ccmmi::icn cnc clher remunerclicn wilh
lhc:e per:cn: in :uch mcnner c: lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| lhink: fil.
7. lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| wi|| pcy Slrclegic Ccpilc| Mcncgemenl ccmmi::icn cn c|| Lu:ine::
lrcn:cclec Ly lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| fcr ecch C|ienl in ccccrccnce wilh lhi: cgreemenl,
cl :uch rcle cr rcle: c: mcy frcm lime lc lime Le cgreec upcn Ly lhe pcrlie:. Such ccmmi::icn :hc|| Le pcycL|e
cn|y cul cf cny ccmmi::icn ccluc||y receivec Ly lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| frcm lhe re|evcnl
C|ienl.
8. Slrclegic Ccpilc| Mcncgemenl :hc|| prcmpl|y infcrm c C|ienl cf cny cc|| fcr pcymenl cr |ccgemenl cf ccver Ly wcy
cf inilic| mcrgin cr vcriclicn mcrgin {Ly whclever lerm: lhc:e cL|igclicn: cre ce:criLec) which lnlercclive 8rcker:,
MF G|cLc| cr /llcin Ccpilc| mcy mcke. lf Slrclegic Ccpilc| Mcncgemenl ccnncl recci|y Le ccnlcclec lnlercclive
8rcker:, MF G|cLc| cr /llcin Ccpilc| :hc|| mcke c|| rec:cncL|e effcrl: lc infcrm c C|ienl cirecl cf cny :uch cc||.
. Slrclegic Ccpilc| Mcncgemenl :hc|| infcrm c C|ienl cf cny clher cmcunl: pcycL|e Ly lhcl C|ienl lc lnlercclive
8rcker:, MF G|cLc| cr /llcin Ccpilc| prcmpl|y cfler Leing ccvi:ec cf :uch cmcunl: Ly lnlercclive 8rcker:, MF G|cLc|
cr /llcin Ccpilc|.
10. lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| :hc|| :enc c C|ienl mcnlh|y :lclemenl:, cpen pc:ilicn :lclemenl:
cnc ccnlrccl ncle: fcr c|| cec|ing: in Fulure: Ccnlrccl: Ly lhcl C|ienl wilh lnlercclive 8rcker:, MF G|cLc| cr /llcin
Ccpilc|.
11. lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| re:erve: lhe righl lc refu:e lc cec| cn Lehc|f cf cny C|ienl in re|clicn
lc cny cec|ing in Fulure: Ccnlrccl: {clher lhcn c|c:ing cul exi:ling cpen pc:ilicn:), cr lc |imil lhe numLer cf cpen
pc:ilicn: he|c cn Lehc|f cf cny C|ienl, cr Lclh. lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| wi|| infcrm Slrclegic
Ccpilc| Mcncgemenl cf cny refu:c| cl cr Lefcre lhe lime cl which lhe crcer i: p|ccec wilh lnlercclive 8rcker:, MF
G|cLc| cr /llcin Ccpilc|, cr c: :ccn lherecfler c: rec:cncL|y pc::iL|e.
12. Eilher pcrly mcy lermincle lhi: cgreemenl cl cny lime Ly giving lhe clher :even ccy: nclice in wriling lc lhcl
effecl.
13. Un|e:: clherwi:e cgreec Lelween lhe pcrlie:, upcn lerminclicn cf lhi: cgreemenl lnlercclive 8rcker:, MF G|cLc| cr
/llcin Ccpilc| wi|| c|c:e cul c|| ccnlrccl: enlerec inlc cn Lehc|f cf C|ienl: cnc wi|| c|c:e cul, cLcnccn cr exerci:e
cny cplicn ncl yel exerci:ec, cl lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc|: ci:crelicn.
14. Ierminclicn :hc|| ncl re|ec:e eilher pcrly frcm |icLi|ily fcr cny cnlececenl Lrecch cf cny cf lhe lerm: cf lhi:
cgreemenl.
Page 46
ADVISOR DISCLOSURE DOCUMENT
Andrew Gibbs is the director and advisor for Strategic Capital Management Limited.
Experience & Qualifications
ASX & NZX Futures & Options Advisor (March 2007)
ASX Level 2 Derivatives Advisor (November 2005)
B Bus Economics & Accounting (November 1999)
Grad Dip Applied Finance & Investment (June 2003)
Andrew Gibbs is the founder, director and advisor for Strategic Capital Management and has been involved in the stock-
market as either a trader or stockbroker since 1999. Andrew began his career in commodities markets and was initially
involved with hedging currency risk and price risk for cotton farmers in south east Queensland along with trading his own
account on the SPI 200 futures index. Following a trip to New Zealand in 2001 Andrew started work with Goldman Sachs
JBWere in Auckland as a private client research assistant and was involved with asset allocation models, strategy and
tailoring institutional research towards retail investors. Following a 4 year term at Goldman Sachs JBWere Andrew moved to
Tricom Securities in Auckland and became a senior advisor and manager of equities for the Auckland office. At Tricom
Andrew advised in equities, futures, options and FX. After due consideration and just shy of 3 years at Tricom Andrew started
Strategic Capital Management, a boutique advisory firm dedicated to traders and superior research for traders.
General Information
Strategic Capital Management Limited is an advisory service located in Auckland NZ offering individually managed
accounts, trade execution and general advisory services on Australian and International markets. All client accounts and
funds are held with Interactive Brokers, MF Global or Attain Capital with clients utilising the advisory services of Strategic
Capital Management. Strategic Capital Management advisors hold the necessary NZX advisor requirements for advising in
stocks, options and futures. Strategic Capital Management Limited is regulated by the Securities Commission of New Zealand
and the New Zealand Exchange. Strategic Capital Management Limited advisors have no criminal convictions.
Procedures for Dealing with Money & Property
All client funds are held with Interactive Brokers, MF Global or Attain Capital. All deposits and withdrawals are requested
through Interactive Brokers, MF Global or Attain Capital although Strategic Capital Management Ltd may facilitate deposits
and withdrawals on your behalf at your request. At no time are your funds held with Strategic Capital Management.
Interactive Brokers, MF Global or Attain Capital will provide you with their account details after your account has been
approved.
Fees of the Advisor
Fees are to be negotiated on a case by case basis with your advisor
Trading Research Service
This service will offer an online research portal with trade recommendations on equities, options, futures and FX. The fee will
be via subscription and is yet to be announced. It is expected to be $75 AUD per month
Complaints Procedure
Strategic Capital Management Limited wants to know about any problems you may have relating to services provided by
Strategic Capital Management. Where you have a complaint you should take the following steps:
(a) Contact Strategic Capital Management by telephone, fax, e-mail or letter.
(b) If your complaint is not satisfactorily resolved within 3 working days you should put your complaint in writing and post
it to 38 Main Highway, Ellerslie. Strategic Capital Management Ltd will endeavor to respond in writing within 2 weeks
of receipt of your written complaint.
[c] Any client is entitled to make a complaint to the NZX.
New Zealand Exchange Limited
Level 2, NZX Centre, 11 Cable Street
PO Box 2959, Wellington, NZ
Page 47
Fotent|o| Con|||cts o| Interest
Due lc vcriclicn: in |iuicily, price vc|cli|ily cnc cifference: in execulicn cf crcer:, il i: impc::iL|e fcr Slrclegic Ccpilc|
Mcncgemenl {SCM) lc cLlcin icenlicc| crcer execulicn fcr c|| cf il: c|ienl: in cny cf il: prcgrcm:. ln cn effcrl lc lrecl c|| c|ienl:
fcir|y, fcr c|| crcer: execulec c: c L|cck Slrclegic Ccpilc| Mcncgemenl c::ign: cr |el: Le c::ignec lhe:e lrcce: lc ccccunl:
cn c :y:lemclic Lc:i:.
Slrclegic Ccpilc| Mcncgemenl {SCM) currenl|y lrcce: :lcck cnc ccmmccily inlere:l: fcr il: cwn ccccunl, il: principc|, Mr.
GiLL: mcy c|:c lrcce :everc| per:cnc| ccccunl:. 8clh Mr. GiLL: cnc SCM re:erve lhe righl lc lrcce cr ncl lrcce ccccunl: fcr
lheir cwn inlere:l: in lhe fulure. Crcer: fcr cny cf lhe cfcremenlicnec ccccunl: mighl ncl Le pcrl cf c L|cck crcer Lul mighl
Le p|ccec Lefcre cr cfler crcer: fcr c|ienl ccccunl:, cnc mighl cr mighl ncl cLlcin mcre fcvcrcL|e crcer execulicn. SCM
cnc Mr. GiLL: wi|| ncl kncwing|y cr ce|iLercle|y fcvcr lheir cwn ccccunl: cr cny c|ienl ccccunl: {inc|ucing cny func cr pcc|
ccccunl where SCM ccl: c: c lrccing ccvi:cr) cver clher c|ienl ccccunl: in cny mcnner, il Leing cckncw|ecgec, hcwever,
lhcl ciffering :ize cf ccccunl:, inf|cw: cnc culf|cw: cf euily inlc cr frcm lhe ccccunl, ccccunl: ccmmencing lrccing cl
cifferenl lime:, cnc clher cifference: wi|| in cnc cf lhem:e|ve: ccu:e vcriclicn in cn ccccunl: pcrlicipclicn in cn crcer
execulicn, cnc/cr lhe :ize cf crcer execulicn: in re|clicn lc clher ccccunl:. Feccrc: cf lhe lrccing cf lhe ccccunl: cf SCM cr
Mr. GiLL: cre cvci|cL|e fcr in:peclicn.
Cngcing lrccing :y:lem: ceve|cpmenl i: c high pricrily wilh SCM, il i: expeclec lhcl cn cccc:icn when lrccing new :y:lem:
ncl yel cvci|cL|e lc c|ienl:, c :iluclicn mcy cri:e where c pc:ilicn wcu|c Le he|c cppc:ile lc c c|ienl pc:ilicn. Ic cccre:: lhi:
pclenlic| ccnf|icl cf inlere:l, il i: lhe pc|icy cf SCM lhcl c|| lrccing fcr :y:lem: cr mcrkel: ncl cfferec lc c|ienl: wi|| lcke p|cce
in :epcrcle ccccunl:. Cne purpc:e cf lhe:e :epcrcle ccccunl: i: lc icenlify cnc :egregcle lhc:e lrcce: ncl cvci|cL|e lc
c|ienl ccccunl: cnc which cn cccc:icn mcy Le cppc:ile lc pc:ilicn: cf c c|ienl.
/fler c new c|ienl ccccunl i: e:lcL|i:hec fcr c prcgrcm wilh SCM, pc:ilicn: in vcricu: mcrkel: wi|| u:uc||y Le e:lcL|i:hec cn|y
Ly c new enlry :ignc| frcm cne cr mcre mcce|: c|| cf which cre ncrmc||y cvci|cL|e lc c|| c|ienl:. Since c|cer e:lcL|i:hec
ccccunl: wilhin c prcgrcm mcy hcve |crger pc:ilicn: frcm mcny previcu: enlry :ignc|: which hcve ncl yel Leen exilec, cnc
Le in lhe cppc:ile cireclicn lc lhe currenl :ignc|{:), il wcu|c ncl Le unu:uc| fcr c re|clive|y new c|ienl lc hcve c pc:ilicn
cppc:ile lc cnclher c|ienl: ccccunl cr lhe principc|': ccccunl{:). Whi|e lhe principc| re:erve: lhe righl lc lrcce new mcrkel:
fcr il: per:cnc| ccccunl, he wi|| never inlenlicnc||y lcke cr hc|c c mcrkel pc:ilicn cppc:ile lc cny c|ienl pc:ilicn excepl in lhe
ccncilicn: previcu:|y ce:criLec. Ihe lrccing reccrc: cf lhe principc|': per:cnc| ccccunl: cnc cny cccilicnc| ccccunl: |cler
e:lcL|i:hec Ly lhe principc| cr SCM wi|| Le cvci|cL|e fcr in:peclicn upcn wrillen reue:l.
kecord Keep|ng
lnlercclive 8rcker:, MF G|cLc| cr /llcin Ccpilc| keep c|| lrccing reccrc: cn ycur Lehc|f, which cre cvci|cL|e 24 hcur: per ccy
cnc cre upcclec |ive. C|ienl :lclemenl: cre cvci|cL|e cn|ine.
Aud|t|ng
SCM: fincncic| :lclemenl: cre cucilec Ly Fhi| Gcunl cnc /::ccicle:.
E-Mail Print Save Reset
Page 48