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Webtrader


January 2014
Standard Banks strategic platform to address the
global product needs of Retail Trading clients.
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Getting Started
Trade 160+ FX crosses (including Spot Precious Metals);
Trade Shares, ETF's and ETC's on 29 international exchanges;
No downloading or installation required;
User-friendly interface with enhanced workspace flexibility;
One-click trading for fast execution;
Real-time FX prices.
Account must be funded with a minimum of USD1,000 in order to trade

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Website a quick look.
New website not OST: www.standardbank.com/webtrader
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Sign up for a demo account
You have the option to register for a demo account, which provides you
with a no obligation 20 day free trial account funded by a simulated USD
100 000.
Email : Richard.Hirsch@standardbank.co.za
Fatima.EssopMohamed@standardbank.co.za
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Registering Online (www.standardbank.com/webtrader)
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Register online
Follow the three simple steps below to register. If you need assistance, please contact us and a member of our
team will gladly assist you. 0860 121 555

Once you register, you will receive a reference number confirming that your registration is being processed.
Due to South African Exchange Control regulations we are only able to on-board South African Individuals. We
are unable to on-board South African registered Partnerships, Closed Corporations, Companies, Trusts or any
other Legal Entities.
To register as a Webtrader client, the Financial Intelligence Centre Act 38 of 2001 (FICA) requires Standard Bank
to request and obtain certain documentation from you before it may process your application.
As an existing OST client if your FICA is up to date we can use that. Please note that if your FICA is not up
to date (i.e. your residential address has changed) that we will require up to date FICA.

Registering & FICA
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Once your trading account has been activated, please deposit a minimum of USD 1 000 into the USD bank account.
It is important to include your Webtrader account number as a reference to ensure your funds are correctly and timeously
allocated to your trading account.








Please Note that:
Standard Bank does not accept bank drafts, cheques, physical cash deposits and remittances from exchange houses.
Standard Bank does not allow the use of credit cards or debit cards for direct funding.


Funding your account
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All foreign exchange transactions in South Africa are subject to exchange control regulations.
South African residents may as at December 2012 invest R 4 million per calendar year abroad in terms of their foreign capital
allowance.
In addition to the above, clients may now utilise their single discretionary allowance for investment purposes up to R 1
million per calendar year without having to produce a tax clearance certificate, but need to provide their income tax reference
number when completing the necessary form(s) (eg. M.P.1423).
Private individuals who do not have any of the tax reference numbers referred to on the relevant form(s) will have to register at their
local branch of SARS.
Note: it is your responsibility to ensure that the necessary exchange control or regulatory authority approvals, in force in your
country of residence, are in place prior to commencement of offshore trading.

Exchange Controls
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Flexible Platform
The browser-based Webtrader offers online trading access to FX Spot, Spot Precious Metals, Shares, ETFs and ETCs.
Webtrader requires no download or installation, and is accessible behind most firewalls.
One click trading available
Charting Functionality
The powerful charting system allows traders to analyse and compare historical prices for multiple instruments.
Order Types
stop orders are designed to help protect investments against adverse market moves.
Trailing Stops are the lesser-known, lesser-used option. They allow investors to set an order, so that if the current price should
fall by a specified percentage, the position will automatically be sold


Tools
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No Monthly charge
Annual Administration Fee
The daily closing value of the Clients open share positions [calculated as per close of the New York Stock
Exchange] x 20bps x1/365. The Administration Fee is calculated daily and billed monthly in arrears.
Account Interest
No interest will be paid for positive Net Free Equity.
Live Pricing
Free real time FX prices & 15 minute Delayed equities prices
An Online Subscription Tool is available in the Trading Platform. In the tool, you will find a list of available
exchanges and news services alongside the applicable monthly fee
Level 1 or Level 2 data
Level 1 price data refers to the first level of the order book on the exchange. With a Level 1 subscription you can
see live, streaming, bid and offer prices. With a Level 2 price data subscription you can see live, streaming prices
as with Level 1 but on top of this you can see the market depth of bid/offer prices .
Costs
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FX Pricing: 160 Currency Pairs
USDZAR: TGT SPD: 50 Pips
EURUSD: TGT SPD: 4 PIPS
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Equities: >14,500, 29 Exchanges & 19 markets
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Trading ETFs and ETCs online gives investors a straightforward, low cost and flexible way to access stock
and commodities markets. Standard Bank may also offer other online tradable funds.
ETFs and ETCs are subject to the same Trading Conditions as Shares
Exchange Traded Funds ($2 trillion market)
ETFs are passively managed investment funds traded publicly on stock exchanges in the same manner as
traditional Shares. An increasingly popular product, ETFs combine the benefits and ease of investing in
Shares with the advantages of mutual fund investing and ready-made diversification of index tracking.
Standard Bank offers a wide range of Exchange Traded Funds from providers such as iShares, Powershares,
Rydex, StreetTRACKS, SGAM ETFs, Lyxor ETFs and many more.
Exchange Traded Commodities
Exchange Traded Commodities (ETCs) are similar to ETFs, except they track the performance of an
underlying commodity index rather than stock market index. ETCs are also traded in the same manner as
Shares but provide exposure to a range of commodities and commodity indices, which include Energy,
Agricultural, Metals and Softs.
ETCs are open-ended Shares, like ETFs, and are also asset backed by physical bullion or commodity
(Futures) contracts.

ETFs & ETCs: >2,500
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IT3Bs and Cs will be available online
CGT rules applied as per normal:




Dividends:
Dividend payments from share positions will be credited to the relevant client's trading account with any
applicable standard withholding taxes deducted.
Taxation on US shares- default set to 30%
15% Relief at Source for US shares through Globetax at a cost of USD35 for 3 calendar years. Once
approved the 15% is applied online to the clients trading account.

There may be various tax implications to consider when investing in the products and you must be aware of
these implications before investing.
Taxation
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How are trades confirmed?
All trades concluded via the Platform will be confirmed on screen shortly after execution and
subsequently by email or SMS.
How long does it take to withdraw funds?
If you have sufficient settled funds in your trading account we will endeavour to transfer your funds within
5 (five) Business Days after Standard Bank has approved the withdrawal. This duration of time is needed
in order for the different banks involved in the transaction, to do the necessary clearances and transfer.
Can I transfer my account from my existing broker or bank to Webtrader?
After you have opened your Account and it is fully operational you may transfer any foreign
shareholdings (which can include ETFs and ETCs) provided such shares are in a dematerialised format
by sending a letter to your existing broker requesting that your shares be transferred to your trading
account held with Standard Bank. In the letter, remember to quote your Webtrader trading account
number.
Password Maintenance
You can attempt to log on to the site 3 (three) times with the incorrect password before the system will
lock you out. If you are locked out, you will be required to reset your password.


FAQs

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Offshore Investing
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Why
Diversification
Reduced country risk
Greater spread / selection
6 listed Pizza companies in the US
Currency hedge

Up until now
Dual listed
SABMiller, BHPBilliton, Richemont, etc.
Local international ETFs/ETNs
DB X-Trackers




International Investing

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As at 30 September 2013 source etfSA.co.za
63 ETPs
Market cap R58.3billion
+R10.5billion YTD
NewPlat ETF R8.3billion of that
NewGold R17billion*
NewPlat R12billion*
Satrix40 R8.4billion*
* - as at 4 December 2013

Wide range; equity, commodity, international, currency, fundamental and
debt




Local ETP Market

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As at 31 October 2013 source Investment Company institute & Seeking Alpha
1,280 ETFs
205 ETNs/ETCs
ETF Market cap US$1.6trillion
+US$365billion since October 2012




Local ETP Market

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US based ETF range
Every possible asset class, index, sector or equity style in the US plus a
wide range of international ETFs
No clear advantage to buying sterling denominated London-listed ETFs
for example
The general principles in selecting ETFs from such a large range is to go
for:
low costs or expense ratio,
Typically low expense ratios (<0.5%)
high liquidity (preferably >$100m in assets)
good quality, low risk underlying assets
Blackrocks iShares - see ishares.com for their vast range of ETFs
294 in total

US ETP Market

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US Listed ETFs
Broad US ETFs
SPDR Dow Jones Industrial average ETF (DIA)
Tracks Dow Jones Industrial Index
SPDR S&P 500 Trust ETF (SPY)
First ETF ever listed
Tracks S&P500 Index
Powershares QQQ (Nasdaq) Trust ETF (QQQ)
Tracks Nasdaq 100 Index
SPDR Gold Trust ETF (GLD)
Tracks Gold in US$


Webtrader

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US Listed ETFs
Some large cap blended US equity ETFs:
Vanguard S&P 500 ETF (VOO)
Tracks S&P500 Index
Guggenheim Russell Top 50 Mega Cap ETF (XLG)
Tracks Russel Top50 Index
50 Largest stocks within Russel 3000 Index
iShares High Dividend ETF (HDV)
U.S. companies with a focus on high dividends
74 stocks (AT&T, J&J, Chevron & Pfizer = 29%)
DY 3.1%
Schwab US Dividend equity ETF (SCHD)
Dow Jones U.S. Dividend 100 Index
DY 2.58%

Webtrader

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US Listed ETFs
Fundamentally weighted ETFs:
Invescos PowerShares FTSE RAFI US 1000 (PRF)
Weighted by; book value, cash flow, sales and dividends
PowerShares FTSE RAFI developed markets ex-US (PXF)
Weighted by; book value, cash flow, sales and dividends
1000 Stocks
WisdomTree Total Dividend (DTD)
WisdomTree Dividend Index
DY 2.5%




Webtrader

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US Listed ETFs
Conventional ETFs with non-US exposure consider the following Europe
focused funds:
Vanguard FTSE Europe ETF (VGK)
MSCI Emerging Markets Index
+/- 460 stocks including UK, France, Switzerland and Germany.
iShares MSCI EMU ETF (EZU)
European Monetary Union
Aims to capture 85% of the (publicly available) total market
capitalization of the EMU
SPDR Euro STOXX50 ETF (FEZ)
France and Germany dominate


Webtrader

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US Listed ETFs
Dividend-focused ETFs:
iShares US Preferred Stock ETF (PFF)
DY 5.49%
PowerShares High Yield Equity Dividend Achievers (PEY)
Mergent Dividend Achiever 50 Index
DY 3.63%
WisdomTree Emerging Markets Equity (DEM)
Fundamentally weighted index that measures the performance of
the highest dividend yielding stocks selected from the
WisdomTree Emerging Markets Dividend Index
DY 4.04%
Guggenheim S&P Global Dividend Opportunities Index ETF (LVL)
S&P Global Dividend Opportunities Index
DY 6.56%

Webtrader

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Sources
Google.com/finance
Finance.yahoo.com
iShares.com

Webtrader

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Standard Bank Webtrader
www.standardbank.com/webtrader

securities@standardbank.co.za

0860 121 555




Contact Details

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Questions

Queries:
securities@standardbank.co.za
This document is provided on the express understanding that the information contained herein would be regarded and treated as strictly confidential and
proprietary to The Standard Bank of South Africa Limited acting through its Corporate and Investment Banking Division (SBSA), the Standard Bank Group
Limited and its subsidiaries (collectively Standard Bank Group). It is not to be delivered nor shall its contents be disclosed to anyone other than the entity
to which it is being provided and its employees. Moreover, it shall not be reproduced or used, in whole or in part, for any purpose other than for the
consideration of the information set out herein, without the prior written consent of SBSA or the Standard Bank Group as appropriate.
This document has also been prepared solely for information purposes by SBSA. Any indicative terms provided to you are provided for your information and
do not constitute an offer, a solicitation of an offer, invitation to acquire any security or to enter into any agreement, or any advice or recommendation to
conclude any transaction (whether on the indicative terms or otherwise) and must not be deemed as such.
Any information, indicative price quotations, disclosure materials or analyses provided to you have been prepared on assumptions and parameters that
reflect good faith determinations by SBSA or that have been expressly specified by you and do not constitute advice by SBSA and it should not be relied
upon as such. The information, assumptions and parameters used are not the only ones that might reasonably have been selected and therefore no
guarantee is given as to the accuracy, completeness, or reasonableness of any such information, quotations, disclosure or analyses. No representation or
warranty is made that any indicative performance or return indicated will be achieved in the future.
This document is not an official confirmation of terms, does not represent an express or implied offer, nor does it create any liability or obligation on SBSA
or the Standard Bank Group. Any rates, levels and prices quoted herein are indicative only and although reflective of market conditions prevailing at the
relevant time do not constitute an offer to transact at such levels and are supplied for illustrative purposes only. Any transaction that may be concluded
pursuant to this document shall be in terms of and confirmed by the signing of appropriate documentation, on terms to be agreed between the parties. The
information in the document is also subject to change without notice. SBSA, the Standard Bank Group or an associated company, may have effected or
may effect transactions for its own account in any investment outlined in the document or any investment related to such an investment. Prospective
investors should obtain independent advice in respect of any product detailed in this document, as SBSA provides no opinion or advice including without
limitation investment, tax or legal advice and makes no representation or warranty about the suitability of a product for a particular client or circumstance.
Such independent advice should be sought subject to SBSAs prior written consent. Transactions described in this material may give rise to substantial risk
and are not suitable for all investors. SBSA will only provide investment advice if specifically agreed to by SBSA in appropriate documentation, signed by
SBSA. This information is to be used at your own risk, and neither SBSA nor Standard Bank Group makes any representation with regards to the
correctness of the information herein.

Confidentiality disclaimer. . .