Institutional (Insto) Account Opening
It is up to you to determine if your client is "Retail" or "Institutional/Insto" and this will inform the type of account you open for them.
Generally the criterea to qualify as institutional is:
- A Professional Investor who is a person who has or controls gross assets of at least $10m, or operating on behalf of an AFSL; and
- Are investing the money of others on their behalf; and
- Settles DVP
Click here to download the institutional account opening form.
If you wish to CHESS sponsor an insto account, the client must sign a CHESS sponsorship agreement.