Cash Settlement Details

• Financial Settlement Type – For standard accounts select BPAY or Direct 
  Transfer.
• CMT Fund – If available, select account provider from drop down list. If not 
  available, select none. If you select Macquarie MBLA as a CMT Fund, you must submit a Third Party Authority form to Macquarie prior to trading, failure to do so may result in failed settlements. 
• BSB Code, Account No & Account Name - Mandatory for Direct Transfer.
  Cash Settlement Method – Defaults to “Offset”, can change if you wish. 
• Line by line – FinClear debit/credit the linked bank account on a line-by-line 
  basis, for the full value. 
• Offset – Available credits will be offset with debits, and the net settlement 
  value debited/credited from the default linked bank account, where one exists.
• Same Day Netting – Available credits will be offset with outstanding debits up 
  until the same settlement date of the sales, future dated debits will not be 
  include in the cash contra (offset) and subsequent settlement of that net value.
• Account Indicators
  Debit - Tick if client has given authority for us to debit their account for trades, this will be the default account for debits.
  Credit - Tick if this is to be the default account to be credited for trades
• Attestation - All bank account names should match the trading account name, please tick the attestation to confirm you have completed verification of this e.g. by checking a bank statement. For more information please see link to FinClear's Payment Policy.