Internet Share Transactions
Keeping it simple and saving you money
1 - Register with NZIJ
Before you can buy or sell shares through NZIJ you need to be a registered NZIJ client.
- Download a NZIJ Client Application Form
- Complete the application form - (Remember to tick the box for online trading)
- Attach two forms of ID for each applicant, one of which should be photo ID .
- Post/Courier back to NZIJ
We will contact email you with your passwords when we have received your completed Application.
2 - Transacting
Tobuy or sell shares with online trading you will need to have previouslyrequested to be set up for this service. NB: There is a check box forthis on the application form.
As a result of this request wewill send you an email with your username, login password for theclient area of our website and another password, the "trading" passwordthat you will use to confirm your online orders.
To place aninternet order, please login to the client area of the website, go tothe orders screen, enter your order and confirm it with your tradingpassword. You will be able to check its progress by the status tag andonce completed details of the order will show on the orders area of thewebsite.
Selling Shares
You will need to provide for NZ Shares your CSN and FIN Number. For Australian shares you will need to provide your SRN.
- Name of security or code e.g. KFL for Kingfish shares or KFLWA for Kingfish warrants
- Number to be sold
- Priceat which to sell. This can be at 'Market' - i.e. the best price at thetime the sell order is entered into the trading market, or at a 'Limit'- where you choose a price which you won't sell below. This may meanshares do not sell immediately but are queued for sale at the pricelimit.
- CSN (Common Shareholder Number) or other shareholder number,
- FIN (Faster Identification Number).
To sell Australian shares we need your SRN (Securityholder Reference Number) or holder number.
NZIJ verifies your holding before placing your order into the market.
The day your 'Sell' order is completed you will be sent a Contract Note with details of your transaction.
Settlement for New Zealand and Australian 'Sell' orders occurs four business days after the date of sale. The proceeds are paid by direct credit into your New Zealand bank account or otherwise by NZD cheque. The benefit to you of direct credit is that your funds are cleared immediately.
To place an online sell order please
login to the NZIJ Client area.
Buying Shares
Before undertaking a Buy order we need to have identified cleared funds sufficient to cover the cost of the shares plus brokerage, in NZIJ Stockbrokers Limited Client Funds bank account. These funds may be the proceeds of a previous 'sell' order or from a deposit/ transfer by you into this account. When you transfer funds to us, we would suggest that you use your NZIJ client number as a reference and phone or email us to advise of the deposit details. Internet and phone banking deposits will generally be visible to us, first thing on the next business day after you make a deposit. Deposits made on Saturday or Sunday will not show on our Bank statement until Tuesday morning. Deposits made after 6.30pm on any weekday are not guaranteed to be available the following business day, we are reliant on the Banking system.
If you have already have a CSN we will need this number and the name of at least one company in which you already have shares so that we can arrange for the shares we are buying to be registered with the same correct name and address details.
For 'Buys' on the Australian market we require New Zealand funds sufficient to cover the cost of the shares plus brokerage charges. The exchange rate applying is that at the time of the transaction.
To place an online buy order please
login to the NZIJ Client area.
NZIJ Stockbrokers Limited
orders@stockbroker.co.nzFreephone: 0800 90 60 90
Phone: +64 4 499 3592
Fax: +64 4 499 3590
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