Bidding on the exchange

Exchange

Bidding on the Exchange

. Ensure Account Verification

For Anti Money Laundering (AML) purposes, the account on behalf of which you wish to bid must be Approved in the Syndex system. All related individuals (such as trustees or directors) must be identity verified.
Please contact either Syndex or your issuer if unsure.

. View the Secondary Market

of the Exchange while logged in to your portal. It only shows offers that meet your investment criteria, including wholesale/eligible investor status and market preferences.

. Issue at a Glance

Click on the name of an offer and review the scheme’s details and its official disclosure documents. If you have read and understood these details and have enough information, head back to the exchange and click Bid.

. Payment

If you have not already paid the annual NZ$60 fee to use the exchange, click Payment to go to the payment page.

. Specify your Bid Details:
  • Bid Expiry Date — Defaults to 10 days
  • Bid Amount/Unit Price — enter either value; the other will automatically update.
  • Bid Account — Choose from the dropdown menu. If an account is not listed, contact your issuer or Syndex

Place your bid. You will receive a confirmation email and will be notified if you are out-bid or your bid is accepted.

Updating your Bid Details

. View a Bid Details page

on the Dashboard or Bids/Applications page of your portal, select a Bid to manage and see all details.

. Update Bid Details

In the Bid Details section on the left, you can update the bid amount and bid end date. Click the green button to update. You will receive email confirmation.

. If your Bid Matches

the offer price, it will automatically be accepted and the listing will close. All other bids will be set to inactive.

Negotiating with a Seller or another Bidder

. View a Bid Message

Either click on the bid notification in the My Messages box to the right of your Dashboard. The message will display in a popup. Or Click View All My Messages and pick the group related the listing to display all messages.

. Comment on the Message

Beneath every message is a comment box. Type your comment, and then click “Add Comment” to submit. You will be notified of any response to your comment via email.

After your Bid is Accepted

. Issue Manager Acceptance

Once the issue manager agrees to the transfer, the buyer and seller can accept and begin the transfer process

. Buyer/Seller Acceptance

All persons related to the buying and selling accounts must agree to the transfer before it can go ahead.

. Funds Transfer

The seller contacts the buyer to arrange the transfer of funds. The entire process is peer to peer with Syndex’s support as needed.