When the investor has advised RIMsec of the term they wish to invest for, RIMsec will enter the market to buy the bond or debenture on their behalf. To enable RIMsec to do this, the following steps must be completed.

Provide all necessary information to RIMsec

The following details must be provided to RIMsec:

• The investor(s) name - it is important, for legal reasons, to provide the correct name of the person in whose name the Bond or debenture is to be held. In the case of a super or trust fund, the names of the trustees of the fund must also be provided.
• Residential and/or postal address.
• RInvestor's nominated bank account for payment of the Bond or Debenture proceeds on maturity. Please note that this account MUST bear the same name as the investor(s) name.

Banking funds

The pricing and settlement of these securities requires RIMsec to enter the market to buy or sell the bond or debenture on behalf of the customer. When buying a bond or debenture, the client must transfer sufficient funds by the settlement date to the following account:

Account Name: RIM Securities Limited Client Trust Account

Bank: ANZ

BSB: 014-002

Bank: 4985 34666

Important: please note that funds must be CLEARED by the settlement date. This means that if a client is paying via cheque into the RIM Securities Limited Client Trust Account, then it must be deposited three days prior to the settlement date to allow for the funds to clear.

The other alternative is to settle through the Austraclear settlement system. In order to be able to utilise this system, a client needs to be set up with a mnemonic code either of their own, or through a nominee company at their banking institution. If the deal is transacted through Austraclear, both the cash and stock ownership is transferred on the system and the stock is held in safe custody in this system.

When RIMsec sells a security on behalf of a customer, proceeds from the sale will be transferred to the bank account nominated by the client, provided the account is in the same name as the ASX investment.

Written instructions

When the funds are banked into RIMsec's Client Trust Account, RIMsec's legal and compliance procedures require us to receive written instructions from clients' authorising RIMsec to withdraw this money in order to make payments for executed transactions. An authorised representative will provide clients with the written instructions document that must be signed and returned to RIMsec prior to settlement.

Pricing

Bonds are priced according to the date of settlement which is three days from the trade date i.e. T+3.

Transfer of ownership

Depending on the security purchased, there are generally two ways in which it can be held and transferred:

Physical transfers using registry transfer forms

In order to transfer ownership of a security through a registry, such as Computershare Investor Services Pty Limited, the client must complete a "Transfer and Acceptance Form". This form is a legal document clearly showing the description of the security being transferred and the names and addresses of the transferee (i.e. the buyer) and transferor (i.e. the seller). The form must be signed by the transferee or transferor or their authorised representatives.

Electronic transfers using Austraclear

Austraclear is another form of settlement available to investor's, however the key difference is that it is an electronic system. It is not as commonly used as physical settlement for retail clients; however there are certain securities that can only be transferred within this electronic registry. To transfer securities within Austraclear, the investor must have an Austraclear mnemonic code or establish an Austraclear sub account with their banking institution. A RIMsec authorised representative will help you set up an account, if required, via our custodian ANZ

Nominees Ltd.

If a security has been purchased by a client, when the funds have been cleared, the security will be transferred into the name of the client who then becomes the legal owner of the security. If the security has been sold, once the security has been successfully transferred to RIMsec, payment will be made to the client's nominated account.

Contract notes

On the settlement date, RIMsec will post (and/or email) a contract note to the client at the address provided. This is confirmation of the trade and includes all relevant details relating to the transaction such as the issuer of bond, investment name, maturity, yield, coupon, face value and consideration.

If you are unclear about any of these settlement procedures or would like to discuss any part of the settlement process further, we invite you to contact our authorised representatives on either (617) 3020 3000 or e-mail to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it who would be happy to assist you further.