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Banking Details
When opening a trading account with MFGA, cleared funds must be in your
account prior to trading. Funds may take up to two days* to clear. Acceptable forms of
payment include direct deposit, personal or bank cheque, BPAY, EFT or swift transfer. As
required by the Corporations Act, we will hold the money you pay to us for your positions
in a segregated account with an Australian regulated bank.
MFGA, on request from the customer, can make payments to your nominated account (banking
details given to us in the client agreement). The maximum amount payable to you will be
the cash balance on your account, less any losses on open positions including deposit
requirements on open positions. In other words your free equity.
You can instruct us to pay money to you by cheque, which will normally be prepared and
posted the same day. Alternatively, we can arrange for payments to be made to you by
telegraphic transfer, which will normally be processed overnight.
Important Note:
*When making a deposit or payment by cheque, most cheques take a minimum of five
working days to clear and be credited to your MF Global trading account.
*Send Swift Message MT103 WPAC AU2F
Direct Deposit Details
MF Global Australia Limited
Australian Dollar Deposits to MF Global Australia Limited
Westpac Banking Corporation,
341 George Street, Sydney, NSW 2000, Australia
in favour of: |
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BPay Details
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Pay Your CFD & Futures Margins Online TODAY using the B-PAY System.
Enter the reference code prefixed by either a 1 for CFDs or 2 for Futures &
your five digit account number as the reference code.
E.g. If your CFD account was 56789 your reference number would be 156789. |
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