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ANZ Investment Lending transition to Leveraged Equities

As of 1 April 2023, ANZ Investment Lending customers have now transitioned to Leveraged Equities ('Leveraged'). If you have not yet returned your Transition Pack forms to Leveraged, you may experience some limitations on your facility. For questions about the transition, or if you do not wish to continue with Leveraged, please contact us on 1300 307 807.

This webpage contains key product information and frequently asked questions about the transition.

Who is Leveraged?

Leveraged is a leading provider of margin lending solutions with over 30 years of experience. We’re 100% based in Australia and serve a wide range of customers from young professionals and beginning investors, all the way through to ultra-high-net worth investors with multi-million-dollar portfolios.

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Hi. My name is Lily Elliott and I'm head of Leveraged.

Leveraged is a renowned margin lender.

It's been operating for over 30 years in the industry.

You can be assured that you'll be dealing with a highly experienced team who truly cares and are knowledgeable and understand what it's like to be going through the various different conditions of the market.

We've been working together with ANZ for over six months.

Our number one priority is to ensure that we successfully transition you to leveraged, and that we'll be able to operate as you've been operating with ANZ.

We have established and built a strong team so that we're able to meet your needs.

The staff that work in Leveraged are very passionate about what they do.

They're very passionate about looking after customers, and also understand how equity markets and margin lending work together.

Over the next couple of weeks, what you can expect is to receive information and communication that will provide you with all of the things that you need to do.

You will also receive some paperwork that you will need to return to us, and it's really important that you read through what the requirements are because we really want your margin loan to be working well on day one.

I love seeing the positive feedback that our customers provide and the advocacy that they are driving for us, what makes me really proud about the work that we have done over the years is that our customers continue to be loyal to us and continue to provide us feedback so that we continuously improve what we do.

We want to continue to be recognized as the leader in the industry and a margin lender who truly cares about customers and their investments.

We are really excited about this acquisition and we look forward to partnering with you to ensure that you are meeting your investment needs.

What does this mean for you?

Leveraged has previously purchased margin lending portfolios from Macquarie Bank and JBWere, so rest assured, you’re in good hands. From 1 April 2023, your ANZ Share Investment Loan will be transferred to a Leveraged Equities Share Investment Loan.

When this happens:

  • Your credit limit will remain the same
  • The loan interest rate schedule will continue to apply
  • Your current fee schedule will remain
  • Any fixed loans will be transferred
  • The Buffer Ratio will increase from 5% to 10%
  • The LVRs (including Diversified) applied to investments in your portfolio will remain unchanged unless otherwise notified by Leveraged.

 

Transfer documents and forms

Please complete any outstanding forms in your Transition Pack and return them to Leveraged in the reply-paid envelope provided. These forms are partly pre-filled with your details, and completing and returning these will help ensure the full operation of your Share Investment Loan.

Should you require relevant forms for your Share Investment Loan, please visit our forms page.

For assistance with your forms or with your facility, please contact Leveraged.

Leveraged Equities Share Investment Loan

Information Only:

Summary of key changes:

Should you require any further information about your Leveraged Share Investment Loan facility, please visit our rates, fees, or forms pages. 

Why move to Leveraged Equities?

Following the Transfer Date, your loan will move from ANZ to Leveraged. When your loan transitions to Leveraged you will get:

  • The same high-quality service and competitive rate you receive from ANZ
  • Outstanding, reliable, and timely support from Money magazine's Margin Lender of the Year for 2020, 2021, and 2022
  • Additional benefits

Leveraged Share Investment Loan

  • Australian shares & exchange traded funds
  • Manage your facility online 24/7
  • Fixed and variable interest rates
  • Interest payments - prepay or in arrears
  • Unlisted managed funds (including regular gearing plans)
  • Exchange traded options
  • Lending on international shares through approved platforms

ANZ Share Investment Loan

  • Australian shares & exchange traded funds
  • Manage your facility online 24/7
  • Fixed and variable interest rates
  • Interest payments - prepay or in arrears
  • Unlisted managed funds (including regular gearing plans)
  • Exchange traded options
  • Lending on international shares through approved platforms

Key product information 

When is a Margin Call notice given?

Leveraged

Typically, before 10am the next business day (so that after market transactions can be considered).

ANZ

Typically, around 4pm (after current market close).

How is a Margin Call notice given?

Leveraged

You can indicate your preference for receiving a Margin Call via email, a notice posted through Leveraged Online (your Online Service) together with a short text message (SMS) alerting you to the notice.

ANZ

By telephone, SMS, email or any other method ANZ has agreed with you.

Who receives a Margin Call notice?

Leveraged

Borrowers only.

ANZ

Borrower or, if applicable, any agreed ‘Authorised Person’.

What will my Credit Limit be?

Leveraged

Your Credit Limit will remain unchanged.

Please note that even though a Credit Limit applies to your account, your borrowing capacity (the total amount you may borrow) will be the lesser of:

  • The Lending Value; and
  • The Credit Limit

To help the Borrower manage their Margin Loan Facility within their borrowing capacity, the Online Service can assist.

The Lender may also attempt to contact your financial adviser or the Borrower directly as the amount borrowed approaches the Credit Limit.

ANZ

N/A

What is the Buffer Ratio?

Leveraged

Currently 10%

ANZ

Currently 5%

How can I request to change my credit limit?

Leveraged

If you would like to change your credit limit after 1 April 2023, please contact Leveraged. Generally, a responsible lending assessment will be required.

ANZ

Please contact ANZ Investment Lending prior to 3 March 2023.

Will I be subject to a responsible lending assessment as part of the transfer?

As your Credit Limit remains unchanged, you will not be required to undertake a responsible lending assessment as part of the transfer in the vast majority of instances.

When will I be subject to a responsible lending assessment?

This will typically occur if you apply to increase your Credit Limit or there is a change in your circumstances that will require Leveraged to conduct a review.

I have a third party or Guarantor on my account. How will they be transferred to Leveraged?

All persons who have guaranteed, indemnified or agreed to assume an obligation in respect of the Borrower’s loan or account will be transferred to Leveraged as Guarantors and their existing obligations and liabilities will continue.

Will Guarantors be notified of the transition?

Leveraged will communicate with Guarantors. They will receive a letter, and may also receive forms if Leveraged requires additional information.

Will Guarantors have access to an Online Service?

Leveraged

Guarantors can request their own Online Service account, where they can view the Borrower’s facility and important Notices such as Margin Call Notices.

If you, as a Guarantor would like to set up an Online Service account, please contact Leveraged after 1 April 2023.

ANZ

Currently, a third party or Guarantor can access My Portfolio.

I have Authorised Persons on my account, how will they be transitioned to Leveraged?

Leveraged

They will transition as Authorised Persons.

‘Authorised Persons’ will function in a similar manner. However, it is important to be aware that an Authorised Person will not be notified of a Margin Call (instead the Borrower will be notified).

ANZ

Authorised Person.

I have an Authorised Person on my account with ‘Information only.’
How will they be transitioned to Leveraged?

Leveraged

The Authorised Person will transition with View Access.

This person is authorised to view all information about your Share Investment Loan Facility. They may be able to do this via the Online Service or by requesting information (given verbally, in writing or electronically) from Leveraged.

ANZ

Information Only.

Where can I find information about my Fee Schedule?

Your current fee schedule will remain unchanged. After 1 April 2023, you can access your fee schedule under the ‘Share Investment Loan’ on our Fees page.

I currently have a fixed rate loan. Will this be transferred?

Yes.

Are there any break fees?

Refer to the fee schedule under the ‘Share Investment Loan’ on our Fees page after 1 April 2023 for further information on Early Repayment Costs.

How do I activate Option Transactions?

If you currently have Option Transactions enabled, you will receive a Leveraged Equities Share Investment Loan Exchange Options Plus Application Form as part of your forms which you need to complete and return to Leveraged.

An important change to your ANZ Share Investment Loan contract is that from the Transfer Date, 'Option Transactions' will no longer be available under your existing ANZ Share Investment Loan terms.

What options strategies are available to me?

Leveraged
  • Bought Puts
  • Covered Calls
  • Protected Covered Write
  • Bought Calls
  • Other Options Transactions

For further information on options strategies, refer to Section 2.1 of the Leveraged Equities Share Investment Loan Exchange Options Plus.

ANZ
  • Buy a Put Option
  • Sell a Call Option without buying a Put Option over the same Approved Security
  • Sell a Call Option and buy a Put Option over the same Approved Security
  • Any other Option Transaction with approval

I currently have an open position. Will this be transferred?

If you wish to continue to hold or trade in options positions from the Transfer Date, you will need to do so on the terms set out in Leveraged's Share Investment Loan Exchange Options Plus Agreement (EOPA).

Unless you have completed, signed and returned the EOPA application form (and any required power of attorney form) to Leveraged before 1 April 2023 (at latest), Leveraged will attribute a zero value to any open Option Transaction, which will adversely affect your Portfolio Security Value. Depending on the circumstances, this could lead to other adverse consequences such as a margin call.

I currently have regular instructions to acquire Managed Funds. Will these instructions continue?

Leveraged

Your Regular Geared Savings Plan will continue at Leveraged.

We will attempt to transfer any existing arrangements you have directly from the Fund Manager to Leveraged Equities.

However, if this is not possible or further information is required from you, we will include any relevant (prefilled) forms as part of the forms mailed to you.

ANZ

This is part of a Regular Geared Savings Plan on your ANZ Share Investment Loan.

I currently have Managed Funds (with no Regular Geared Savings Plan). Will these be transferred to Leveraged?

Leveraged will engage with the relevant Fund Managers to ensure Leveraged Equities is listed as the new margin lender. Leveraged may require you to complete some forms in order to make this change, and will contact you if that is the case.

Earn Qantas Points

Leveraged

You may be able to earn Qantas Points on your Share Investment Loan. We will provide more information about this after 1 April 2023.

ANZ

You cannot currently earn Qantas Points on your ANZ Share Investment Loan.

How do I apply for additional features on the Leveraged Equities Share Investment Loan?

If you currently have Option Transactions and/or a Regular Geared Savings Plan, relevant forms will be sent to ensure the features are active upon transition if the forms are completed and returned.

After the Transfer Date, you can apply for the following additional Share Investment Loan features:

  • Options Transactions
  • Regular Geared Savings Plan
  • Ability to earn to Qantas Points

You can find more information on how to apply by contacting our Customer Service Team on 1300 307 807 or emailing customerservice@leveraged.com.au.

Will a Linked Investment Account be available?

Leveraged

Where you currently have a Linked Investment Account, the current ANZ V2 PLUS Cash Account will be replaced with an Adelaide Cash Management Account (CMA) which will operate as a Linked Investment Account from the Transfer Date.

The CMA is held with Adelaide Bank, a division of Bendigo and Adelaide Bank Limited, the parent company of Leveraged, by Leveraged’s nominee on your behalf.

We will notify you if we or Adelaide Bank require any additional identification documents before a CMA can be opened.

ANZ

As communicated to you by ANZ, the ANZ V2 Plus Cash Account will be closed.

Your consent to ANZ will be required to transfer the balance on your ANZ V2 PLUS Cash Account to the Adelaide Cash Management Account (CMA) opened for you.

How will the Adelaide Cash Management Account operate?

If you have a Linked Investment Account, such as the Adelaide Cash Management Account (CMA), debit and credit balances can be swept between this account and your Loan account to more efficiently manage your loan, e.g. to reduce interest charges.

The sweep function will not be activated and any credit balance in your CMA cannot be accessed to reduce your Loan balance or interest charges unless the Sweep Account Request form is returned by 1 April 2023 (at latest).

If you have successfully instructed ANZ to transfer your V2 Plus balance across to the Adelaide Cash Management Account that is held as security under your Share Investment Loan with Leveraged, you can contact the Customer Service Team on 1300 307 807 or alternatively log into Leveraged Online where you can also instruct a transfer to your Nominated Account.

You may have been able to request this through directly through your CMC trading account linked to your Share Investment Loan with ANZ. This will now be replaced with a link for you to log into Leveraged Online to submit your request.

What is the interest rate on the Adelaide Cash Management Account?

As of 5 December 2022, the current interest rate on the Adelaide Cash Management account is 1.00%.

Where can I find more information on the Adelaide Cash Management Account?

Please read the current Adelaide Cash Management Account Product Guide for further information including the terms and conditions that apply in relation to any CMA opened. Printed or emailed copies are available from Leveraged on request.

Frequently asked questions

Leveraged Equities acquisition of ANZ Share Investment Loan

Bendigo and Adelaide Bank Limited announced in July 2022 it has agreed to acquire the ANZ Investment Lending portfolio. The acquisition allows Bendigo and Adelaide Bank to further grow its margin lending business, Leveraged Equities Limited (‘Leveraged Equities’), one of the leading and longest established margin lenders in Australia. View the original ASX announcement.

We have prepared a Transition Pack that will provide you with information about your transfer to Leveraged.

The Transition Pack will be communicated in two parts:

  1. In early February 2023, ANZ will have issued important information regarding the transfer of your loan to Leveraged, which may require actions from you.
  2. Soon after ANZ's communication, a letter from Leveraged will be posted to you with any relevant forms for you to complete and return to Leveraged in the reply-paid envelope enclosed.

 

Additionally, in late March 2023, Leveraged will send Borrowers their login details to their Leveraged Online Service.  You will receive both:

  1. Your Facility Access Code ("FAC") for login to the Leveraged Online Service via postal mail
  2. A one-time code (password) via SMS that will, in conjunction with the FAC, enable you to login to the Leveraged Online Service.

 

To enable these communications to reach you, please ensure that your contact details are up to date by contacting ANZ Investment Lending.

Although you have been sent two copies of the same transition pack, you are only required to complete, sign and return all the documents in one of these transition packs to Leveraged. As you are joint borrowers, please ensure that the signatures of both borrowers are on all the forms that are returned to Leveraged.

If you have already returned the documents in your transition pack to Leveraged and are unsure if you have completed these correctly, we will contact you if we require any additional information.

From the Transfer Date, your ANZ Share Investment Loan will be transferred to a Leveraged Equities Share Investment Loan. When this happens:

  • your credit limit will remain the same
  • the loan interest rate schedule will continue to apply
  • your current fee schedule will remain
  • any fixed loans will be transferred
  • the buffer ratio will increase from 5% to 10%
  • the LVRs (including Diversified) applied to investments in your portfolio will remain unchanged unless otherwise notified by Leveraged.

Once you transition to Leveraged, you will no longer be able to access your share investment loan through ANZ My Portfolio. You will view your account through Leveraged Online which can be accessed at www.leverageonline.com.au. Login details will be provided to Borrowers via a combination of both postal mail and SMS in late March 2023.

Please ensure that your postal address, mobile number, and email address are up-to-date by contacting ANZ Investment Lending.

 

If you have successfully instructed ANZ to transfer your V2 Plus balance across to the Adelaide Cash Management Account that is held as security under your Share Investment Loan with Leveraged, you can contact the Customer Service Team on 1300 307 807 or alternatively log into Leveraged Online where you can also instruct a transfer to your Nominated Account.

You may have been able to request this through directly through your CMC trading account linked to your Share Investment Loan with ANZ. This will now be replaced with a link for you to log into Leveraged Online to submit your request.

For questions or information about your ANZ Share Investment Loan:

Call: 1800 639 330, Monday-Friday 8am to 6pm AEDT/AEST

Email: investmentlending@anz.com

ANZ Investment Loans will transfer on the Transfer Date so until then contact ANZ for questions. After the Transfer Date, your loan will be with Leveraged.

Your HIN and Sponsored Holdings will be transferred to Leveraged’s Sponsor, Pirie Street Custodian Limited. Your HIN number will remain the same, including your holdings. Details about this change of Sponsor and rights will be included in the communications sent to you by ANZ and Leveraged.

End of year statements will be available from Leveraged, through Leveraged Online.

Most CHESS eligible investment transactions (e.g., share transfers) will be available until the 29th of March. Please see the list of all cut-off dates for more information.

Non-CHESS eligible investment transactions (e.g., unlisted managed funds) will be available until the 24th of March. Please see the list of all cut-off dates for more information.

Most changes can be made prior to the 22nd of March.  Please review the list of cut-off dates for more for information.

Please note that if you would like to make certain changes to your Loan account after it has transferred to Leveraged Equities (e.g., adding a Borrower or Guarantor), you may be required to apply for the Leveraged Equities Margin Loan.

ANZ will no longer be supporting investment lending products, so once you have transferred to Leveraged Equities you will not be able to move back to ANZ Investment Lending.

If you do not wish to continue with a Leveraged Equities Share Investment Loan, please refer to the letter sent to you by ANZ in early February 2023, or contact ANZ Investment Lending before the Transfer Date.

We're here to help

Together, ANZ and Leveraged are committed to ensuring the transfer of your ANZ Share Investment Loan is as smooth as possible.
For questions or information please contact:
Leveraged Share Investment Loan

Contact Leveraged for assistance in completing your forms, or with any queries about your transfer to Leveraged.

Call: 1300 307 807

Monday-Friday 8.30am to 5.30pm AEST/AEDT

Email: customerservice@leveraged.com.au

ANZ

Contact ANZ regarding any other accounts you may have with ANZ, or with any questions about your transfer to Leveraged.

Call: 1300 525 667

Monday-Friday 8am to 6pm AEST/AEDT

Email: wealthservices@anz.com


This webpage is prepared by Leveraged Equities Limited (ABN 26 051 629 282 AFSL 360118) who will be the Lender and issuer of the ANZ Share Investment Loans that transfer to it on the Transfer Date . The information on this webpage is general advice only and does not take into account your personal objectives, financial situation or needs. Awards are only one factor to consider when choosing a financial product. Please consider your personal circumstances and the appropriateness of the product for you and read the relevant product documentation (including the documents referred to on this webpage) before making an investment decision. To obtain a copy of any of the documents referred to on this webpage please contact us or your financial adviser.

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