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Warrants

Warrants offer a form of gearing that can help you leverage, diversify and earn extra income from your portfolio - without the risk of margin calls.
 

 

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Gearing without margin calls

Warrants offer a highly flexible form of gearing that allows you to borrow to invest in a wide range of securities – including shares, exchange traded funds, indexes, commodities and currencies.

Warrants can play an important role in a portfolio by offering profit potential in any market conditions. For example, Warrants over shares can help you protect yourself against share price falls, earn extra income if share prices are flat, or potentially generate leveraged returns if shares rally or decline.

Some Warrants may also be used to provide gearing within a Self-Managed Super Fund.     

A key benefit of Warrants is that, unlike some Options, you won’t be asked to provide additional funds through a margin call. However, you need to make sure you understand the risks of Warrants, as you can lose the entire cost of the Warrant if the market moves against you. 


Details at a glance
 

Apply now

May be suitable if you:

  • are confident managing your own portfolio
  • want access to a broad range of investments
  • are comfortable with the risks of Warrants

Minimum initial investment:

$500

Brokerage starting from:

$19.95

More rates and fees


Warrants and Options

Warrants and Options can be similar in some cases, but they are different products:

  • Options contracts are standardised as prescribed by the ASX, while Warrants can be issued by banks or other financial institutions with a wide variation of features.
  • Warrants are usually issued over a wider range of securities (such as currencies and commodities).
  • There are no margin calls on Warrants.

 

Learn more


Understanding Warrants

Derivative products such as Warrants can be complex and may not be suitable for some investors. Before purchasing a Warrant you should obtain the Product Disclosure Statement and consider the statement carefully before making any decision.

Learn more about Warrants with the ASX’s Understanding Trading and Investment Warrants (PDF 851kb) booklet.

 

 


Key considerations

Benefits

  • No margin calls
    Due to the limited recourse nature of the leverage provided, Warrants are not subject to margin calls. This means the most you put at risk is your initial purchase price of the Warrant.
  • Broad exposure
    You can gain exposure to a wide range of underlying assets, helping you spread risk across your portfolio.
  • Take advantage of leverage
    A small price change in the underlying asset price can mean a larger percentage change in the value of your Warrant.
  • Generate income with Instalment Warrants
    With Instalment Warrants, you may receive dividends and franking credits for the underlying securities (subject to eligibility).

 

Risks

  • Leverage
    If the price of the underlying asset moves against your position, the market price of the Warrant will fall by a larger percentage. It may fall as low as zero, but you cannot lose more than your original outlay.
  • Loss of capital
    If a stop loss is reached, a warrant will automatically terminate and investors may receive significantly less than their original investment, or it may expire worthless.
  • Counterparty risk
    The ability of the Warrant issuer to fulfil its obligations to you may vary.
  • Market risk
    Changes to interest rates, volatility and dividends may adversely affect the value of a Warrant.

How to apply

  1. Apply for an ANZ Share Investing account
  2. Verify your identity
  3. Deposit funds in your account
  4. Start trading!
 

Apply now

 

Details to have handy

  1. Current Australian driver’s licence, and
  2. Australian birth certificate or Australian citizenship certificate, or
  3. Australian passport (current or one that has expired within the last two years) or current foreign passport including the signature page.

Not opening an individual account? Complete the application and we'll let you know what documentation you need to provide.

 

   

Why choose us?

  • Flexible trading platforms that let you trade on the go
  • Powerful trading tools, advanced charting and trusted research
  • Trade with your own funds or borrow from ANZ
  • Seamless integration with ANZ Internet Banking and ANZ Investment Lending
  • Immediately trade sale proceeds prior to settlement
  • Earn Qantas Pointsdisclaimer when you trade
   

Contact us

  

1300 658 355

Mon-Fri 8.00am to 8.00pm (Sydney time)

  

Send us an email

   

The ANZ Share Investing service is provided by CMC Markets Stockbroking Limited ABN 69 081 002 851 AFSL 246381 (CMC Markets Stockbroking), a Participant of the Australian Securities Exchange (ASX Group), Sydney Stock Exchange (SSX) and Chi-X Australia (Chi-X) at the request of Australia and New Zealand Banking Group Limited ABN 11 005 357 522 (ANZ). Disclosure documents relating to ANZ Share Investing products and services are available on anzshareinvesting.com or by calling us on  1300 658 355. ANZ is the issuer of the ANZ Cash Investment Account, ANZ Share Investment Loan and ANZ V2 PLUS Account. The obligations of CMC Markets Stockbroking are not guaranteed by ANZ. CMC Markets Stockbroking and ANZ are not representatives of each other. The information has been prepared without taking account of your objectives, financial situation or needs. Before acting upon any advice, you should consider whether it is appropriate for you having regard to your objectives, financial situation and needs.

The ANZ Share Investment Loan is provided by Australia and New Zealand Banking Group Limited ABN 11 005 357 522, AFSL 234527 ("ANZ").

An ANZ Share Investment Loan is subject to investment risks, including possible losses in income, capital invested and additional liability for the loan. We therefore strongly advise you talk to your financial planner, tax adviser and/or stockbroker and ensure you understand the risks, the specific tax implications as well as the legal and financial ramifications of a share investment loan.

ANZ does not give personal advice about the ANZ Share Investment Loan. This information is of a general nature and has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. ANZ recommends that you read the ANZ Share Investment Loan Product Disclosure Statement and the ANZ Investment Lending Terms and Conditions which are available at wealth.anz.com/investments/investment-loans or by calling the Client Services Team on   between 8.00am and 6.00pm (Sydney time) during ASX trading days before deciding whether to acquire, or to continue to hold the product.

All ANZ Share Investment Loan applications are subject to ANZ’s credit approval criteria. Fees and charges apply and are available at wealth.anz.com/investments/investment-loans or by calling the Client Services Team on  between 8.00am and 6.00pm (Sydney time) during ASX trading days.

You must be a member of the Qantas Frequent Flyer program in order to earn Qantas Points. A joining fee may apply. Membership and points are subject to the terms and conditions of the Qantas Frequent Flyer program. ANZ Share Investing customers can earn 1 Qantas Point per AU$3 spent on  brokerage fees on shares, ETFs, interest rate securities, warrants and options by providing your Qantas Frequent Flyer number to ANZ Share Investing prior to trading. For shares, ETFs, interest rate securities, warrants and option trades, this offer only applies to trades executed where orders are placed under ANZ Share Investing retail User IDs on ANZ Share Investing retail accounts.

Qantas Points will be calculated based on the brokerage amount on trades involving shares, ETFs, interest rate securities, warrants and options. GST is included, for the purpose of calculating Qantas Points earned. Qantas Points cannot be earned on phone trades, trades placed through IRESS, SMS contract note confirmation fees or hard copy contract note fees, trades executed or fees charged for Off Market Transfers and miscellaneous trading fees which may include stamp duty, transaction fees or exchange related fees. 

Only the User ID under which the order is placed is entitled to earn Qantas Points. To accrue Qantas Points against your User ID, you must have entered your Qantas Frequent Flyer number on the ANZ Share Investing platform prior to placing an order.

Please allow up to 10 business days for your Qantas Points to be credited to your Qantas Frequent Flyer account. 

ANZ Share Investing reserves the right to terminate or vary this offer at any time, without notice.

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