Risk disclosure

Product Disclosure Statement (PDS)

For

Contract for difference

Granted by

MSC GROUP GLOBAL CO., LIMITED

This document replaces the MSC GROUP GLOBAL Limited Product Disclosure

Statement for Contracts for Difference June 16, 2021. This document provides important information about contracts for difference to help you decide if you would like to participate in any of these derivatives. are not. Many derivatives are complex and high-risk financial products that are not suitable for most retail investors. If you do not fully understand a derivative described herein and the risks associated with them, you should not participate in this market. You can also seek advice from a financial advisor to help you make your decision. You should ask advisors experienced with these types of derivatives.

MSC Group Global Co., Limited has prepared this document in accordance with the Financial Market Conduct Act 2013.

 

1. Main information: Summary

What is this statement?

This is the product disclosure statement (“PDS”) for contracts for difference offered by MSC Group Global Co., Limited (“MSC”, “we”, “our”, “we” ). Contracts for difference are derivatives, which are contracts between you and the MSC that may require you or the MSC to make payments. The amount to be paid or received will depend on the price or value of the currency, metal, commodity or underlying index. Designated contract

the terms under which such payments must be made.

Warning Risk that you may owe money on derivatives.

If the value or price of the underlying currency, metal, commodity or index changes, you could suffer a loss. In particular, unlike most other types of financial products, you may end up owed a significant amount of money. You should read part 2 of this carefully. PDS (Key Features of Derivatives) on how payments are calculated.

Your responsibility to make the escrow payments. MSC may require you to make additional payments (profits) to contribute towards future obligations under these derivatives. These payments may be required at short notice and can be substantial. You should carefully read section 2 of the PDS (Key Features of Derivatives) about your obligations.

Risks arise from the credit reputation of the issuer.

When you engage in derivatives with MSC, you bear the risk that MSC will not be able to make the required payments. You should carefully read section 3 of this PDS (Risks of Derivatives) and review the creditworthiness of the MSC. If MSC is in financial difficulty, the profits you provide may be lost.

About MSC Group Global Co., Limited.

MSC Group Global Co., Limited is a company incorporated in Australia. We offer leveraged contracts for difference (“CFD”) through an online trading platform.

The company offers CFDs on a wide range of underlying assets including currencies, metals, commodities and stock indices..

What derivatives does this PDS include?

This PDS includes CFDs that you trade with MSC. Each CFD is based on an asset which can be a currency, metal, commodity or stock index. There is no physical delivery for CFD.

The nature, effects and main uses

· Below is a brief description of the nature or effects of derivatives and key benefits or uses of the CFDs we offer.

· The CFDs we offer are over-the-counter products. MSC will be the partner of

· your transaction. They are not traded on an exchange. Unlike CFDs that are traded on an exchange, CFD terms and specifications are not standardized and may differ from other offers.

· The risk, reward and price volatility profiles of CFDs are highly correlated with the underlying asset. Changes in their value are, to a large extent, dependent on the same factors and market forces.

· CFDs are non-distributable CFDs. There is no physical distribution of the asset base. This means that the seller does not need to deliver and the buyer does not need to take delivery of the underlying asset. CFDs that you bought or sold will remain open until you close them. CFDs are settled in cash. The difference between the price you buy, sell, and the rolling costs make up a profit or loss. Before closing your position, your position will be marked as being in line with the market time base and any gain or loss will be credited or debited to your account on a time basis. real.

· CFDs are traded on a margin basis. You are required to margin with MSC 1 percent of the total value of your positions (“margin”). The margin required is not the same for each CFD. The total amount of margin required is determined by the percentage required for each CFD and is subject to real-time revaluation. MSC may change the required margin at any time. You will be advised of any margin changes via email or notification on the trading system.

· You do not own the underlying asset and therefore you do not have any rights or obligations in relation to the asset.

· These CFDs cannot be sold, transferred or assigned to another person or entity.

· The only way for you to close your positions is to liquidate them with MSC.

· For investors whose only goal is to capitalize on price movements, these CFDs

· are ideal assets as they do not need to deliver or receive physical assets. There may be the costs and resources required to perform the task of delivering and receiving the Physical Assets.

· For investors whose goal is to hedge their current or expected exposure to price movement of the underlying asset, CFDs provide a good hedging solution. Traders of physical assets can buy or sell derivatives to protect against adverse price moves.

· CFDs offered by MSC usually do not have an expiry date. This is unlike CFDs that are traded on an exchange that have an expiration date and therefore require the transfer of the CFD from one contract to another. CFDs are suitable for investors on a variety of stage holdings = Stage. CFDs can be used for short and long term trading. If you have enough margin, you can continue to hold the position.

· The ability to trade using leverage is another benefit of CFDs. Only 1% of the position is needed to maintain the position. The position holder is not required to pay the full value of the position. This reduces the amount of capital required.

 

2. Main Features of Derivatives

The Nature and Effects of Our CFDs

CFDs for difference are CFDs based on the underlying asset. This asset can be a currency, metal, commodity, index or any other asset. There is no underlying asset distribution. You do not buy or sell the underlying asset. You are buying or selling derivatives. The value of the derivative is inferred from and highly dependent on the value of the underlying property. By participating in a trading CFD, you are effectively buying or selling the underlying trade but in a derived manner.

Similar to the risk of taking a position in the underlying asset, you are exposed to the risk of a change in the underlying price.

You enter the trade by buying or selling with MSC and close the transaction by doing the opposite with MSC. MSC is the counterparty of your transactions. By entering these CFDs, you enter into an agreement with MSC to buy or sell at the agreed price. The price of your holdings is revalued in real time using a marked-to-market process. If you haven't closed out a trade, you have a position and this depends on real time ticking for market revaluation. The price of your position is compared to the prevailing market price and any profit or loss will be charged to your account immediately.

CFDs that you trade with MSC are considered over-the-counter (OTC) products. They are a product provided by MSC and your contract is with MSC. You do not own nor distribute the underlying asset.

You will trade on leverage. The required margin is usually 0.167 to 4%. The required margin amount may vary for each type of CFD and can be changed at any time and you should ensure that you are aware of the requirement before trading. The required return is also calculated in real time. Your position will be forced to liquidate (stop) if your equity falls to a certain level (stop).

This level is set to prevent your account from going into negative equity. However, there is no guarantee that your account will not be negative in equity. This can happen during periods of high volatility or low liquidity. You must pay us negative equity.

Margin requirements and stop levels are subject to change at any time. We will notify you of any changes.

Explanation of required margin/leverage

 

Margin/leverage requirements

Explain 

0.167%/ 600 times

A $100,000 position requires $167

0,25%/ 400 times

A $100,000 position requires $250

0,5% / 200 times

A $100,000 position requires $500

1% / 100 times

A $100,000 position requires $1,000

1,5% / 66,7 times

A $100,000 position requires $1,500

2% / 50 times

A $100,000 position requires $2,000

3% / 33,3 times

A $100,000 position requires $3,000

 

A list of required profits, stops and more information on our CFDs can be found at Contract Specifications on our website www.mscgroupglobal.com.

 

The main benefits and uses of the CFDs we offer

Our main benefits and uses of CFDs are:

There is no need to deliver or receive the underlying asset. For speculators, the main considerations are often the difference between the entry price and the position's closing price. Delivery can be cumbersome and expensive.

CFDs are generally cheaper to trade than the underlying asset. Commissions are usually lower or none. Trading based on leverage (only a small percentage of the amount required to establish a position) also results in capital cost savings from the smaller amount required to take the same amount of risk.

Profit percentage is increased due to the leveraged nature of the product. However, the loss will also be increased by a percentage.

CFDs can be used for both speculation and hedging purposes. CFDs allow investors to trade from both "long" and "short" positions. A "long" position is established when an investor believes that there will be an increase in price. He buys CFDs. A "short" position is established when an investor believes that there will be a price drop. He sells CFDs.

Some underlying asset markets do not allow short positions to be maintained. A position is closed by doing the opposite of establishing a position. If you initially buy (you have a long position), you must sell to close the position. If you initially sold (you have a short position), you must buy to close the position CFDs can be used for hedging. Investors with an underlying position or who expect to have a position can use CFDs to hedge the position by entering into a transaction that is opposite the position. Depending on the level of hedging, the loss or gain on the derivative is offset by the gain or loss on the underlying asset.

Description of the amount to be paid, how to calculate the amount payable under the CFD and the delivery obligation.

 

The types of payments

There are 4 types of amounts to be paid. These are spreads, margins, profit or loss, and rollover costs (swaps).

How to calculate the amount to be paid

a. Spread

ĐThis is the difference between the MSC's CFD bid and ask price. They are calculated as follows:

Spread = traded amount x (Offer price - Expected price).

b. Deposit money

This is the amount required to maintain a position. Leverage is one

is calculated as a percentage of the nominal amount traded and is calculated as follows:

Margin requirement = transaction amount x margin requirement

c. Profit and loss

Profit and loss are calculated in real time. It is the difference between your position price and our current market price. Your profit and loss will be calculated as follows:

Long position: Position size x (current price - cost price)

Short position: Position size x (cost price - current price)

d. Rollover Cost (Swap)

Your positions are subject to a daily rotation (swap) cost. This fee can be a credit or debit and is applied to your account at the end of each trading day. For currency CFDs, this is the interest rate differential between two currencies. For metals, commodities and index CFDs, this cost is the cost of financing. The cost of rotation (swap) is not fixed and can change at any time. They are available on the trading platform.

Generally:

Holders of a long position in a higher-yielding currency will receive a credit, and holders of a short position in a higher-yielding currency will be debited.

Buyers of metals, commodities or stock indices CFDs are debited while sellers receive credit.

The MSC may add a difference to these costs. Sometimes, due to low interest spreads and low funding costs, with the addition of the MSC spread you may be charged a debit fee for both sides of your position. The cost of rotation (swap) is calculated daily until the position is closed.

Spreads, required margin and rollover (swap) costs are not fixed and can change at any time. Spread and rollover (swap) costs are available on the trading platform and margin requirements are available according to Contract Specifications on our website

www.mscgroupglobal.com.

 

Delivery obligations

If your position is in your favor, we are obliged to credit your account with profits.

If your position moves against you, the loss will be debited to your account. We will also credit or debit your account with rollover (swap) cost per day for as long as the position is open. If your position moves against you, there are 3 things you can do:

You close the position.

You add more money to your account to continue maintaining the position.

You do nothing. However, if your equity falls to the stop, the positions will be closed.

Our system allows you to have access to your position, profit/loss, margin requirements and margin level in real time at all times. It is your responsibility to ensure that you are aware of the situation of your account at the time, in particular with regard to positions, profit and loss and margin levels.

The MSC has no obligation to make margin calls. Stop execution will be executed without notice to you and if your account goes into negative equity upon completion of the stop process, you are obligated to pay us to remove the negative. equal.

A more detailed description of accounts payable, calculation methods and delivery obligations is found in the Examples section below..

 

Our CFD Terms

In general, every CFD you have can be kept as long as you have enough funds for the margin requirement. They will only be closed when you do a clearing and vice versa trade to close them. CFD positions held overnight incur a transfer (swap) cost. For currency CFDs, this cost is calculated from the interest rate difference between the two currencies. For metals, commodities and index CFDs, this cost is the cost of financing the purchase or sale of the underlying asset. Examples of these terms are given in the example below.

Examples

The examples below show how you can set up a position, the spread you have to pay, the margin required, the cost of the transfer (swap), the profit and loss realized when the position is closed..

 

Example 1 - Currency CFDs:

Person A's account is denominated in USD. He thinks NZD will appreciate against

USD. He wants to establish a long position by buying 1 lot of NZD against USD,

(NZD/USD).

The NZD/USD price quoted by MSC is 0.6495 bid/0.6500 ask price. He buys 1 lot (that is

equals NZD 100,000) at 0.6500.

Spread (difference):

MSC receives the spread which is the difference between the bid and ask prices. In

in this case, they are 0.0005. This spread is incorporated into his position when he closes the position, he has to sell at the bid price.

The value of the spread is calculated as follows:

100,000 x (0.6500 - 0.6495) = 50 USD.

· Deposit:

The required margin is calculated as follows:

The required margin is 0.5%.

Margin Required = Transaction Amount x Margin Required.

= (100,000 x 0.6500) x 1% = 325 USD

· Cost of swapping (swapping):

If positions are held during the trading day, they will be charged a rollover (swap) fee. Fees are available on the trading platform.

For that example, the cost is 3.00 USD per day per lot. He pays the rollover (swap) cost because it has long been the lower interest rate currency (NZD).

Turnaround (swap) cost = 1 x - 3.00 USD = - 3.00 USD.

Profit and Loss:

Scenario 1: Make a profit.

On the 2nd day, the price went up. NZD/USD is currently at 0.6600 and he decided to close his position at the current price. His profit or loss is calculated as follows:

Profit/loss = Position size x (current price - cost price)

= 100,000 x (0.6600 - 0.6500)

= $1,000 (profit)

His final profit/loss = profit/loss + swap cost

= 1,000 USD - 3.00 USD

= $997 (profit)

The spread was incorporated into the bid - the asking price he sold to close the position.

Scenario 2: Making a loss.

On the 2nd day, the price fell. NZD/USD is currently at 0.6380 and he decided to close his position at the current price. His profit or loss is calculated as follows:

Profit/loss = Position size x (current price - cost price)

= 100,000 x (0.6380 - 0.6500)

= - $1,200 (loss)

His final profit/loss = profit/loss + swap cost

= - 1,200 USD - 3.00 USD

= - 1,203 USD (loss)

The spread was incorporated into the bid - the asking price he sold to close the position.

 

Example 2 - Metal CFDs

Person A's account is denominated in USD. He thinks Gold will appreciate against

USD. He wants to establish a long position by buying 1 lot of Gold against USD, (GOLD)

The GOLD price quoted by MSC is 1187.00 bids / 1188.00 offers. He buys 1 lot (that is

equals 11,880 USD) at 1188.00.

This is calculated as follows:

1 (lot) x 100 (contract size) x 1188 (price) = $118,800

Spread (difference):

MSC receives the spread which is the difference between the bid and ask prices. In this case, it's 1 USD. This spread is incorporated into his position when he closes the position, he has to sell at the bid price.

The value of the spread is calculated as follows:

Spread = Spread x contract size x (ask price - bid price)

= 1 x 10 x (1188.00 - 1187.00) = 10 USD.

· Deposit:

The required margin is calculated as follows:

The required margin is 0.5%.

Margin Required = Transaction Amount x Margin Required.

= 118,800 x 0.5%

= 594 USD

· Swap conversion costs:

If positions are held during the trading day, they will be charged a rollover (swap) fee. Fees are available on the trading platform.

For that day, the cost is 1.78 USD per day per lot. He pays the cost of rotation (swapping) because he is supposed to finance the cost of buying Gold.

Swap cost = 1 x - 1.78 USD = - 1.78 USD.

Profit and Loss:

Scenario 1: Make a profit.

On the 2nd day, the price went up. GOLD rate is now 1195.00 and he decided to close

its position at the current price. His profit or loss is calculated as follows:

Profit/loss = Position size x (current price - cost price)

= 1 x 10 x (1195.00 - 1188.00)

= 70 USD (profit)

His final profit/loss = profit/loss + swap cost

= 70 USD - 1.78 USD

= 68.22 USD

The spread was incorporated into the bid - the asking price he sold to close the position.

Scenario 2: Loss of business

On the 2nd day, the price fell. GOLD rate is now 1175.00 and he decided to close

its position at the current price. His profit or loss is calculated as follows:

Profit/loss = Position size x (current price - cost price)

= 1 x 10 x (1175.00 - 1188.00)

= - 130 USD (loss)

His final profit/loss = profit/loss + swap cost

= - 130 USD - 1.78 USD

= - 131.78 USD (loss)

The spread was incorporated into the bid - the asking price he sold to close the position.

 

The example above shows how CFDs work and some situations where you

may be encountered when trading CFDs. They are hypothetical situations to illustrate

a purpose. Please note that company actions may affect the price of stock index CFDs.

 

Each example provides only one situation and does not reflect specific circumstances, circumstances or obligations that may arise under a derivative entered into by the investor..

 

How to join CFDs

To participate in CFDs you must first open an account with MSC and then access the trading system or contact us to enter a trade.

 

Open an account with MSC

Clients wishing to import CFDs must first open an account with MSC. Before opening an account, you must read and understand this PDS and other information contained in the offer register.

When you open an account, you agree to be bound by the terms and conditions of this account, the PDS, and the Customer Service Agreement. We request information from you and you agree that the information you have provided is true and correct. We will also ask for proof of identity, bank account, address and other information required under Australian law.

We will also need to assess your suitability for derivatives trading. Such an assessment may consider your trading experience, professional or educational qualifications and available funds. We may also assess your understanding of the risk, leverage, volatility and aspects of derivatives trading.

 

We will also ask you to confirm that you are solely responsible for monitoring your position and risk and your obligations under our agreement.

Once your application is approved, you will be provided with:

A link to access the trading system with your login details

Information regarding escrow with MSC

Once you have deposited the sufficient amount of margin, you can start participating in CFDs.

There is no minimum deposit requirement. However, if you do not have enough margin, you will not be able to participate in trading.

Participate in a trade

You enter the trade by trading on the MSC electronic trading platform by entering your login details. On this platform you can:

See real-time prices

Place, modify and delete orders

View charts and perform technical analysis

Set alert

Access to your Position, Equity, Free Margin and Percentage on real time basis

· Access your transaction history

To enter a trade, you will need to place an order. Your order must include

contract type, quantity, price, order type, whether you are buying or selling, and the duration of the order if applicable. You will be quoted a price and you can choose to trade or not. If you choose not to trade, you can request a re-price. Your order will be displayed on the system and you will receive a confirmation from us when a transaction has been made by you.

You can also enter the trade by calling us to place an order. We will identify you by asking you for your phone password. The requirements for ordering by phone are the same as ordering online. Your order will also be displayed on your system and you will receive a confirmation from us once the transaction has been made for you.

Right to change the terms of the CFD or terminate the CFD

Your CFD cannot be changed. However, you can partially close your position at any time during trading hours. This can be done by reducing the number of contracts held. If your position is partially or fully closed, the profit or loss will be realized and calculated for you.

For index CFDs, corporate actions such as dividend payments and stock splits or consolidations can affect the price.

You cannot terminate a CFD, but you can close your CFD position. That way, you will realize your profit or loss and the amount will be charged to your account.

Both MSC and you may terminate the Customer Service Agreement by giving written notice.

MSC needs to notify you 30 days in advance. You may give notice of termination at any time. We will attempt to close your account within a reasonable period of time. You will need to close all your positions and ensure that your account has positive equity and that you do not owe us money. If you owe us, you must pay us before the agreement can be terminated. Once the termination notice has been given, we reserve the right not to allow you to open new positions.

We reserve the right not to accept anyone as a client, to suspend or close any client's account and to restrict any client's trading activity. Occasionally, non-representative market prices may be quoted to you and traded by you. We reserve the right to reverse such transactions or modify the prices of such transactions to reflect the correct valuation at that time..

3. Risks of these derivatives

Trading in these derivatives exposes you to risk. The three risks associated with trading these derivatives are product risk, issuer risk, and risk of entering or settling derivatives..

Product risk

The table below lists the significant risks to investors arising from contractual terms of derivative products and from client agreements..

Risk

Circumstances that may give rise to risks / examples of the extent to which risks arise

Leverage risk

Our CFDs are leveraged. Leverage allows you to trade a large position by depositing a percentage of the value of the position as margin. Leverage increases a percentage of profit or loss. If you do not have enough margin or too high leverage, your positions may be stopped. There is also a possibility that you may lose more than the initial investment amount.

 

Forex risk

Your account is denominated in the currency of your choice. All profits and losses and expenses are converted to this currency of your choice. Due to fluctuations in exchange rates, your profit or loss and costs may increase or decrease when converted to the currency in which your account is used..

 

Loss due to spread

The price that MSC tells you includes the Bid and Offer. The difference between them is the spread. If you buy and sell, you pay the difference, and this will result in you losing even if the market is not volatile. When the market is volatile or illiquid, the spread can increase and this can increase losses.

 

Arbitrage risk

 

You bear the risk that the price of your CFD may change and its movement may lead to a decrease in the value of the CFD thereby leaving you with a loss.

In addition, CFD prices are dependent on many influencing factors and can have large and rapid fluctuations. Higher volatility can lead to

your CFD value is adversely affected.

The potential for high price changes and large and rapid changes can give rise to instances where the CFD price moves significantly from one level to another leaving a gap between prices. This is called "gapping". This usually happens in periods

high volatility or poor liquidity. One result of a price gap is that price can move to the point of triggering your stop-loss orders or causing a severe decline in your account equity level.

High volatility, poor liquidity and arbitrage can result in orders not being accepted at all or not being executed at the ask price. MSC does not guarantee acceptance of your order and your order is not guaranteed to be executed at the exact price ordered.

 

Payment risk

Liquidity risk occurs when there is a lack of supporting price volume. This usually happens when major markets close or immediately before or after a major event or announcement. This may result in you not being able to execute your trades or having to execute your trades at a price lower than what you expected.

 

Risk of over-the-counter

These CFDs are issued by MSC. You can only trade with MSC. If you find that the price offered by MSC is inappropriate, you may not transact with any other party. Your CFDs are not transferable and your positions can only be closed by us chúng.

 

Margin deposit risk

MSC will attempt to credit your account with your funds as soon as possible. However, sometimes this may not be possible, and delays may occur. This may be the result of after-hours receipts, unpaid funds, or funds whose origins need to be investigated. Failure to pay or get enough profit may result in your positions being stopped.

 

 

Issuer's risk

The counterparty of your transaction is the MSC. As a result, you run the risk of MSC becoming insolvent and possibly failing to meet its obligations to you under the CFD.

The creditworthiness of the MSC has not been assessed by an approved rating agency. This means that MSC has not received an independent opinion on its ability and willingness to repay its debts from an approved source.

MSC hedges its risk with counterparties and can place funds with them to do so.

There is a risk that the financial situation of these partners may deteriorate, and it may be difficult for them to return our funds. This will increase the risk that we may not be able to meet our obligations under the CFD. MSC minimizes its counterparty risk by insuring only regulated parties.

MSC has professional indemnity insurance that it believes is sufficient for the services it provides.

 

Risks of entering or settling derivatives

 

The significant risks arising from the entry or settlement of CFDs are described below and they could result in losses.

Inability to access the trading platform

Transactions are mainly by means of transactions on electronic platforms. This means that you will need to have access to the platform and you run the risk of not being able to access the platform. There can be many reasons why you cannot access your trading platform. This includes but is not limited to failure of your computer system, malfunction of MSC's computer system, power failure, internet outage, your inability to provide your correct login details and attacks. network public.

If you are transacting by telephone, you may not be able to contact us if there is an error in the telecommunications system.

MSC has no control over the elements necessary to ensure that you can access the platform. It is your responsibility to ensure that your system is up and running, is secure, and that you have adequate alternative means of accessing transactions.

communication.

Unauthorized transaction because your login details are known by others khác

It is your responsibility to ensure that your login details are kept safe and protected and known only to you. You face the risk that unauthorized transactions may be made in your account if your login details are known to others. Any loss or profit from such trades shall be borne by you.

 

Close the exchange

 

MSC reserves the right to close or suspend the exchange. Normally, the MSC platform will open when the market is open. However, there may be situations when MSC will have to close its platform. Such closure or disruption can be due to many reasons which may include natural disaster, terrorist attack, fire or any unexpected event. While MSC has continuity plans, there is no guarantee that the continued provision of the platform will be uninterrupted. MSC may also not allow you to access the platform when it believes that your access to the platform poses a threat to the normal operation of the platform and its systems.

 

Regulatory risk

 

MSC's business is governed by various laws and regulations. The implementation and changes to such laws and regulations may have an adverse effect on you. Such laws and regulations may include banning the offering of a particular type of CFD, changes to tax laws and anti-money laundering regulations. These changes may result in us discontinuing a particular CFD and having to discontinue our service to you. You may be forced to close a position or not be allowed to open a new one.

 

4. Fees

 

Details of our fees and charges are presented in the table below. Fees and charges may change from time to time. Our latest fees and charges are available on our websitewww.mscgroupglobal.com

 

Fees or charges

Amount / calculation

 

When do you have to pay?

 

Difference

This is the difference between

the buying and selling prices that MSC quotes you. MSC earns this spread when you trade with us.

For currency CFDs - up to 3% of the value of the currency pair.

For metal CFDs - up to 3% of the value of metals.

For Commodity CFDs - up to 3% of the value of the commodity.

For index CFDs - up to 3% of the value of the index.

Spreads are different for CFDs and are subject to change and subject to change at any time. They are dependent on prevailing market conditions. Larger spreads increase your trading costs.

 

 

When you join CFD

Swap fee (swap)

This is the cost to move through a location overnight. For currency CFDs, this is the result of the interest rate differential between two currency pairs. For metals, commodities and indices CFDs, this is the cost of funding.

These costs are subject to change and are subject to change at any time. They depend on prevailing market conditions.

When position is scrolled - end

 

Money transfer and delivery fee

NZD:

No transfer fees or receipts.

Currency:

Transfer: USD 25 per transfer charged by MSC.

Receipts: No charge by MSC.

For foreign currency, your bank, Banks and intermediaries can impose a fee. MSC has no control

about this and this fee will be paid by you.

 

When money is transferred or received

 

Fee Funds

A fee may be charged if MSC has to ask our banks to find out

the source of your money that we receive Usually, the amount we receive will be accompanied by information that

indicate who the sender is. However, at times, the amount received from abroad may not be accompanied by that information, especially if the money has been transferred through more than one intermediary.

This fee is subject to change and is determined by the banks concerned.

 

When we make a request

Commission

The MSC may charge a commission.

This fee can be negotiated between MSC and you or the referrer and you if you are referred by a referrer

These fees may vary for each customer. It can be a dollar value, in points or percentage.

When you join CFD

 

5. How does MSC Group Global Co., Limited handle funds and assets received from you?

 

Transfer money to us

 

We will only accept payments made by electronic bank transfer. MSC does not accept third party payments. MSC will not accept your funds unless it is satisfied that you have complied with all the anti-money laundering and counter-terrorism financing requirements and laws of the country. All funds must be in the deleted funds before they can be credited to your account. If we are not satisfied that your funds have complied with the laws and regulations of your country, we will return your funds and the cost of the return will be charged to you. Please note that there may be a period of time between the time you transfer the funds to us, when we receive the funds, and when we credit the funds to your account. It may take up to two days for the funds to be transferred to your account. You are advised to provide enough time for the funds to be credited to your account.

 

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MSC is subject to the Financial Markets Conduct Act 2013 and Financial Markets

Code of Conduct 2014. Client funds are pooled and kept in separate accounts on trust for our clients. This means that those funds are separate from MSC funds. MSC does not use this money for its operational purposes or to meet its obligations to the parties. All funds are held in our trust until you withdraw or when the funds are due to us legally. MSC enjoys interest earned on the funds in the account.

You will not have to pay interest on your money with us.

MSC performs a daily reconciliation between the funds in the client's escrow account and the equity in the client's account in our trading platform. MSC will take the appropriate action necessary to maintain a balance in the customer's escrow account to meet our obligations.

Your funds are pooled with other customers' funds. Some clients may make a profit while some may lose. All positions are managed on an aggregated basis and as such, your funds can be used to cover the losing positions of other clients only on an intraday basis. This temporary use of funds will be refunded when we debit or credit the customer's account to reflect the actual equity in their account prior to the end of the next business day.

By entering into our Customer Service Agreement, you agree that MSC may use your funds for authorized hedging activities. This means hedging our CFD exposure on you.

Your funds can be placed with a hedging counterparty to trade with hedging

partners upon reasonable request. This is consistent with Financial Markets

Code of Conduct 2013 and Financial Market Conduct Regulation 2014. Money is set in đặt

a hedging counterparty may not be offered the same level of protection as when

be trusted. As a result, you may be subject to the financial risk of the parties we place

with the customer's money. MSC mitigates this risk by ensuring that it only deals with licensed and regulated parties in jurisdictions with robust regulatory mechanisms. We expect that Hantec Markets (Australia) Pty Limited ( www.hantecmarkets.com ) and Invast Financial

Services Pty Limited ( www.invast.com.au ) became our partner in the hedging arrangement described above..

 

Withdrawal

 

You can withdraw your excess deposit at any time. Money can only be transferred to the bank

account already registered with us. You can change your registered bank account or provide us with another bank account. Funds can only be transferred to a bank account with the same name as the account held at MSC. We will not transfer money to third parties 3.

We'll need to see proof of a bank account. You will need to provide a signed document instructing us to make the withdrawal.

 

6. About MSC Group Global Co., Limited

 

MSC is a company incorporated in New Zealand. It is in the business of offering leveraged CFD trading on a wide range of underlying products through an online platform. It

is licensed under the Financial Markets Act 2013 as an issuer of derivatives and is regulated by the Financial Markets Authority in New Zealand. The Company's contact details are:

Register Office:

Phone:

Website: www.mscgroupglobal.com

email:

 

7. How to Complain

 

If you have a complaint, you should contact the MSC. You can call, meet in person or write to:

MSC Group Global Co., Limited

Phone:

International call:

The above dispute resolution program will not charge any claimant

investigate or resolve a complaint.

 

8. Where you can find more information.

 

Further information regarding MSCs and CFDs as described in this PDS (e.g. financial statements) is available from the preference register at  www.disclose-register.companiesoffice.govt. Copies of the information on the preference register are available upon request by the Registrar. Further information regarding MSC, the products we offer, this PDS, contract specifications, etc., is available upon request by contacting any of our representatives. This and other information is also available on our website www.mscgroupglobal.com.

There will be no charge for any information requests.

 

9. How to enter into a customer agreement?

 

To join the Client Agreement, you must first complete an Account Application. Friend

must also read and understand the Customer Service Agreement (CSA), This Product Disclosure Statement (PDS) and the Risk Disclosure Statement contained in the Account Application. You must also agree to the Terms and Conditions and Customer Service Agreement, sign the relevant parts, and provide the necessary documents. You may contact any MSC representative who will direct you to provide you with the necessary information and show you how to enter into the Client Agreement. The Customer Service Agreement is available at our website www.mscgroupglobal.com.

Derivatives trading comes with a high degree of risk and is not suitable for everyone. The Account Applications request information from you regarding your knowledge and experience of trading derivatives. If we believe that you are not suitable to trade derivatives, we may reject your application for an account. If you do not provide us with information, we will not be able to evaluate your ability to trade.

 

glossary

Bidding: This is the price at which MSC buys the currency pair

CFD: Contract for Difference.

Customer Service: This is the agreement that includes the Account Application and the Terms and Conditions that govern the customer's relationship with MSC.

Equity: This is the amount you have in your account after considering all realized and unrealized profits and all expenses.

Free Margin: This is the equity minus the required margin. This is the amount that you can use to act as margin for new Positions.

Leverage: Percentage increase that you can trade based on the amount of capital you have

Long position: This is a position created when you buy a CFD and have it or not sell it. Long positions are beneficial when prices rise.

Margin: This is the amount required to collateralize a position.

Margin Call: A notice to you to ask you to deposit more money as margin

Serving: This is the price at which MSC sells the currency pair.

PDS: This is a Product Disclosure Statement. It contains important

information about the products that CJC offers.

Position: This is the number of unclosed trades.

Risk Statement: This is a statement that describes the risk in trading

 

Statement: the product that CJC provides.

Swap Price: This is the cost you will pay or receive to transfer positions. This fee is charged daily.

Short Position: This is a position when you have sold the CFD and have not bought it. A short position benefits when the price falls.

Spread: Difference between Bid and Offer

Stop Out: This is when positions are closed due to insufficient margin or when a stop order is triggered.

Terms: Your relationship with CJC is governed by the Terms and

Condition: Condition.

Basics: This is the asset on which the CFD is based.