Indices and Forex Rates

Insurance companies utilising the account for foreign currency working balances; If you do not fall within the above list, our Exchange Control Specialists can assist to submit an application on your behalf to the South African Reserve Bank to open a CFC account.

When applying for an FNB account, a Consultant will send you full application forms which you will need to complete and send back. Information Our well-developed infrastructure caters to the needs of retail and high-net-worth clients and our service is friendly and personal. Once you have completed a Top Up or Withdraw transaction, you will receive a unique reference number that can be used to monitor the progress of your transaction.

Forex Rates

Open a bank account, get a loan, or sign up for internet banking quickly and easily with Absa bank.

We take care of all your foreign exchange currency needs when you are travelling abroad. You can conveniently invest funds in major foreign currencies or unit trusts.

Get the latest forex rates with feeds updated every fifteen minutes. Convert any currency using our latest exchange rates. Click here for more. All values are based on the R - R Forex feeds updated every fifteen minutes.

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In particular, nothing on this website should be interpreted as targeting persons or entities in the United States of America, Canada, the United Kingdom, Australia and Hong Kong.

Absa Stockbrokers and Portfolio Management shall be entitled to terminate this agreement on 30 thirty days' written notice to the client. Absa Stockbrokers and Portfolio Management may give the termination notice to the client by publication on the website, or by email or any other communication tool. Absa Stockbrokers and Portfolio Management may temporarily suspend the use of this website to repair, maintain, upgrade, replace or improve any information or services contained within the website.

Where circumstances permit, Absa Stockbrokers and Portfolio Management shall use its best endeavours to provide prior notice of any such suspension to the client. Absa Stockbrokers and Portfolio Management shall restore the use of this website as soon as reasonably practicable after any such temporary suspension.

The website displays all open orders as well as the last 20 completed, expired or cancelled orders. Existing clients of Absa Stockbrokers and Portfolio Management who have portfolio or normal telephonic trading accounts may want to convert their accounts to online accounts. The online registration process must be followed and all relevant documentation, including a letter instructing us to transfer all the shares and cash balances from the existing account.

Please state the account number. The new online account will be activated within 48 hours during a business week of the original instruction letter being received. Clients who want to split their existing portfolio should complete the registration process; including signing the mandate and enclosing all the relevant documentation, including a letter to Absa Stockbrokers and Portfolio Management instructing us as to which shares should be transferred.

It is important that non-resident accountholders declare this fact when they complete the mandate. Failure to do so could be deemed to be a contravention of foreign exchange regulations.

For any order to be executed, there needs to be a corresponding counterparty, thus for "buy" orders, a corresponding offer is required and for "sell" orders, a corresponding bid needs to be available. All orders are matched on price only, therefore if insufficient shares are available to match an order completely, then the order may be only partially executed.

Orders placed "At Market" will be executed immediately, in part or in full, at the best price, assuming there is a counterparty available. If there is no bid or offer available, orders will be placed at the ruling price. It is therefore strongly recommended that for illiquid stocks and in particular warrants, orders are placed "At Limit".

An "At Limit" order determines the maximum price buy or minimum price sell at which the share is to be traded. If, however, the order can be executed at a better price at that point in time, the client will benefit. An "At Limit" order will be queued in time and price priority and will only be executed once all orders ahead of it in the queue have been executed.

Once an order has been submitted, the order will appear under the "Today's Order Book" schedule until such time as the order is executed, cancelled or it expires.

Email confirmation will be sent to the client when:. The client must not disclose this password, thereby giving access to any unauthorised person. The client must take all reasonable precautions to prevent unauthorised use of the services provided via the website including unauthorised access to the Absa Stockbrokers and Portfolio Management Online Share Trading service.

If the client suspects that any person has obtained unauthorised access to their account, the client must immediately notify Absa Stockbrokers and Portfolio Management on during office hours and immediately change the password. If a client elects to ordinarily change their password, this may be done via the website. If any unauthorised person obtains the password in any manner whatsoever, such a person will be regarded as the client's duly authorised agent with full authority to access the website and use the services provided on the client's behalf, unless the client is able to prove that the person has obtained the password due to Absa Stockbrokers and Portfolio Management' negligence or due to internal fraud in Absa Stockbrokers and Portfolio Management.

Absa Stockbrokers and Portfolio Management will upon the client's request forward to the client monthly statements and contract notes via email. The email forwarded to the client will be encrypted. It is the client's responsibility to ensure that the email address provided is correct and functional. Absa Stockbrokers and Portfolio Management will not be responsible if the client fails to receive their statement by virtue of the client providing an incorrect email address or one which is inoperative.

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This product is suitable if you: You have a good understanding of the share market and want to invest and trade. Anyone wanting to invest offshore and wants to keep their cash and investment in either GBP, USD, or EURO want to diversify your existing share portfolio by investing off-shore want to hedge your exposure to local currency are prepared to take on currency risk understand international markets and shares looking for a medium to high to higher risk investing and trading strategy.

Online Share Trading provides efficiency order execution at very competitive trading and custodial fees. Our in-house settlements office follows strong internal controls to ensure a secure custodial service. Nedbank Private Wealth Finance Solutions. Nedbank Greenbacks Rewards Programme. About Nedbank Financial Planning. Wills and Trust Services. Beneficiary and umbrella fund administration.

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