Cash Hub

• What is the Cash Hub
• How are returns calculated and paid to my account?
• For the End Client: Benefits & Protections
• Why did FinClear create the Multi-Currency Cash Hub
• Purpose & Permissible Transactions
• What payment types does my Cash Hub support?
• What bank is supporting my Cash Hub account?
• Can I lose money in Cash Hub? Capital risk & protections
• How is my money protected? Trust, segregation & reconciliations
• What reporting do I and my advisers receive?
• How are multi-currency balances displayed & valued
• Which currencies are supported?
• How are withholding tax and cross-boarder interest issues handled?
• How do I open a Cash Hub Account?
• How do I withdraw funds or close
• Can the Cash Hub have an overdraft limit or run a negative balance?
• How can Fraud be mitigated on the account?
• How does the standing direction to move funds work?
• How does FX conversion work (timing, spreads, transparency)
• What are the operational cut-offs for cash moves & FX
• How quickly are funds avaliable for trading/settlement?
• Can advisers receive revenue sharing or rebates tied to client balances?
• How are adviser commissions / advice fees paid?
• What disclosures must advisers give to clients?
• How do we move existing cash positions into Cash Hub?
• Statements, audit trails & complaint handling
• How is Compliance monitoring conducted on the Cash Hub account?
• Who is it for? Retail vs Wholesale eligibiliy
• Is Cash Hub a financial product?
• Is Cash Hub a managed investment scheme (MIS)?
• What is the Contractual Return Promise (CRP) and how is it different from paying interest?
• What regulatory guides and rules does Cash Hub align to?
• Does RG 246 (conflicted renumeration) apply to any Cash Hub-related payments?
• Fees & Charges
• Withholding Tax
• Key Benefits by Stakeholder
• How are returns calculated and paid to my account?
• Movement of funds between Client Money Trust Accounts