Telephone Share Transactions
Friendly, efficient, value-for-money service
Before you can buy or sell shares through NZIJ you need to be a registered NZIJ client. To do this fill out our application form and forward it to us, together with two forms of ID, one of which should be a photo ID, for each applicant. We will contact you when we have received your completed application.
Or call us on Freephone 0800 90 60 90 or phone +64 4 499 3592
Selling Shares
To be able to sell your New Zealand shares we need the following information:
- Name of security or code e.g. KFL for Kingfish shares or KFLWA for Kingfish warrants
- Number to be sold
- Price at which to sell. This can be at 'Market' - i.e. the best price at the time 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 mean shares do not sell immediately but are queued for sale at the price limit.
- CSN (Common Shareholder Number) or other shareholder number,
- FIN (Faster Identification Number).
To sell Australian shares we need your SRN (Security Holder 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. For a "Sell" the proceeds are paid by direct credit into your New Zealand bank account or otherwise by cheque. The benefit to you of direct credit is that your funds are cleared immediately.
For "Sell" orders for UK or US shares, or in other specific instances, we will need extra documentation before we can place your order. Please ask us about this. Settlement of UK or US transactions usually takes longer and is generally by direct credit to your New Zealand bank account.
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 (in New Zealand dollars). 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 week day are not guaranteed to be available the following business day; we are reliant on the Banking system.
To enter a 'Buy' order into the market we will need the following information:
- Company/Security name
- Number of shares you wish to buy or the amount you wish to spend
- The price that you are willing to pay either Market (best price at the time) or a limit which is a price we won't buy above
- Where the funds are coming from
- For New Zealand 'Buys' - Your CSN Number. 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' in Australia, the exchange rate used is that current at the time of the transaction, therefore funds (New Zealand dollars) available must cover the likely total Australian transaction value and brokerage converted to NZ dollars.
For 'Buys' in UK or US we generally send funds via a telegraphic transfer. This transfer will incur bank charges over and above our brokerage fees.
If you have any questions or queries please feel free to contact us either by emailing
invest@nzij.co.nz or phoning us on 0800 90 60 90 or +64 4 499 3592
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