More things to know

Account structure

The funds in your Forsyth Barr Cash Management account are held by Forsyth Barr Cash Management Nominees Limited as bare trustee on your behalf. They are pooled with other funds held in Cash Management accounts and invested on call with a registered bank.

Funds are placed with the following registered banks:

NZD - ANZ Bank New Zealand Limited (ANZ)

AUD - ANZ Bank New Zealand Limited (ANZ)

GBP, USD, CAD, EUR - The Hongkong and Shanghai Banking Corporation Limited (HSBC)

CHF, SGD, JPY, HKD - ANZ Bank New Zealand Limited (ANZ)

We receive a management fee from Forsyth Barr Cash Management Nominees Limited for administering your Cash Management account. More information about our management fee is available in our Forsyth Barr Investment Adviser’s disclosure statement, which is available on request and free of charge.

Foreign exchange

When you want to transact in foreign currencies your Cash Management account has the option for you to convert New Zealand dollars into a number of international currencies. If you regularly transact in foreign currencies it might be better to hold a dedicated foreign currency account.

Dedicated foreign currency accounts are used to hold cash and transfer funds between currencies, providing a convenient way for settling your overseas transactions. Currencies include NZ dollars, Australian dollars, US dollars, British pounds, Canadian dollars and the Euro.