Background

ASIC Over the Counter (“OTC”) derivatives reporting regulations are designed to make the OTC derivatives markets more transparent by requiring counterparties to these transactions to report trades, positions, collateral and valuations to a derivative trade repository (trade repositories). All counterparties with reporting obligations under the DTRs must have a Legal Entity Identifier (“LEI”) in order to report. However, only IB Australia (“IBAU”) clients who have been permitted to trading in these OTC products and are operating as non-individual entities (e.g. corporations, corporate trusts, etc) are required to have an LEI.

An OTC derivative is a derivative that is not traded:

a) on a financial market that is:

subject to ASIC supervision under Pt 7.2A of the Corporations Act (such as ASX 24);

registered by the US Commodity Futures Trading Commission as a ‘designated contract market' under s5h of the Commodity Exchange Act 1936 (US); or

a regulated market’ as defined in Article 4(1)(21) of the Markets in Financial Instrument Directive 2014/65/EU (MIFID 11); or

b) on certain regulated markets (referred to as ‘regulated foreign markets’) that ASIC has determined are subject to sufficiently equivalent requirements and supervision.

For more details please refer to:

https://asic.gov.au/regulatory-resources/markets/otc-derivatives/frequently-asked-questions/

An example of an OTC products for IBAU clients are the IBAU issued CFDs (Contracts for Difference).

All IBAU clients who are subject to the DTR regulations and who require an LEI will see the LEI Election form upon logging into Account Management. Note that you will only see the LEI Form once upon logging into Account Management; once you make your election, you will not see the form again upon subsequent Account Management logins.

Who is Subject to the DTR Regulation?

All IBAU clients operating as non-individual accounts (e.g. corporations, corporate trusts, etc.) are required to comply with DTR obligations. In this context, non-individual means any account which is owned by one or two individuals as stated in the account title. Individual accounts in the name of a single person are not subject to DTR and so will not have access to this page.

Original LEI Elections

If you are subject to the DTR regulations and are an entity or corporate client and have not already made your LEI election, when you log into Account Management, you will be prompted to do so.

If you have an IBAU account; you can elect to:

• Instruct us to apply for LEI on your behalf. You will be prompted to fill out a simple form and sign an agreement. Obtaining an LEI can take up to three days.
• Provide your LEI, which you have already obtained. You will be prompted to enter your LEI.
• Do nothing (you do not have an LEI and you are not subject to the DTR regulation).

NOTE: THE INFORMATION ABOVE IS NOT INTENDED TO BE A COMPREHENSIVE OR EXHAUSTIVE GUIDANCE AND IT IS NOT A DEFINITVE INTEPRETATION OF THE REGULATION BUT A SUMMARY OF THE ASIC DERIVATIVE TRANSACTION REPORTING.

In order to request an IB Debit Card, first login to Account Management and select Transfer & Pay. Under Transfer & Pay, click the option for "IB Debit Mastercard".

The IB Debit Card Summary screen will populate. At the top of the page you will see a button to "Apply Now". Click the button to start your IB Debit Mastercard application.

The application page will populate with the Customer Agreement along with an option to Select an Account to link to your IB Debit Card. Click the "Add/Edit Accounts" button to make your selection.

Your accounts will populate on the right side of the screen. Once you have made your selection, your selected account will be highlighted at the bottom of the right-hand window. Once you are ready to confirm the account, click the "Continue" button.

Scroll down to the bottom of the page where you will be prompted to agree to the terms set forth in the Customer Agreement by signing your name as it appears on the account. Click "Continue" to proceed.

The next screen will ask you to review the Cardholder Information. The information should all be correct as it uses the information from your IB account. If the information is not correct, you will need to go into your account and change any incorrect information. If the information is correct, click "Continue" to proceed.

Once you confirm your Cardholder Information, your application will be submitted. You will receive a confirmation with a reference number, along with activation instructions for when you receive your IB Debit Card in the mail.

How to Modify Your W9/W8

1) To submit this information change request, first login to Account Management

2) Click on the Settings section followed by Account Settings

3) Find the Profile(s) section. Locate the User you wish to update and click on the Info button (the "i" icon) to the left of the User's name

4) Scroll down to the bottom where you will see the words Tax Forms. Next to it will be a link with the current tax form we have for the account. Click on this tax form to open it

5) Review the form. If your US SSN/ITIN is incorrect, click on the UPDATE button at the bottom of the page

6) Make the requisite changes and click the CONTINUE button to submit your request.

7) If supporting documentation is required to approve your information change request, you will receive a message.  Otherwise, your information change request should be approved within 24-48 hours.

• 登录账户管理。
• 在侧边栏菜单中，依次点击设置 和用户设置。点击手机号码对应的配置齿轮图标。如您使用的是传统账户管理，您可通过管理账户 -> 账户信息 -> 详情 -> 个人信息菜单，点击“修改”链接找到该板块。
  
  

• 点击验证
  

• 打开您手机的短信应用，您将看到我们发送给您的带有确认码的短信。
  注意：短信发送的时间有长有短，在某些情况下可能需要几分钟。
   

• 在确认号码区域输入您收到的确认码 ，然后点击继续。
   

• 如该确认码被接受，则“短信已验证”栏目下会出现一个绿色的勾。点击继续完成操作。

• 如您的用户没有活跃的SLS设备，该用户将很快自动被纳入短信双因素验证项目。有关如何通过短信完成登录验证的说明，请见KB3196。