Conditional Trading

For ASX CFD trading accounts:

• You and all other beneficial owners on the account, must read and understand the Terms and Conditions and agree to act in accordance with them.
• You and all other beneficial owners on the account must read and understand the Risk Disclosure Document.

In addition to the above, for equity trading accounts:

• You must be a CommSec CHESS Sponsored client.
• You must have authorised a direct debit on your linked bank account (CommSec Margin Lending accounts excluded as fees will be charged to their loan).

No. You can place a GTC ('Good Till Cancelled') Conditional Order. Although, if that trigger is not fired within 12 months from the date the trigger was placed, the trigger will be purged and you will have to place a new conditional order instruction. Your trigger instruction will be purged from our system whenever the ASX removes all orders in the same security as your trigger from the market.

If your Conditional Order is triggered, CommSec does not guarantee that the order will be executed. The placement of a triggered order into the market is subject to CommSec's Conditional Order Instructions, the General Conditions of Trade and the Trading Rules.

a.) Triggered orders for Falling Sell or Rising Sell may not execute for the following reasons:

• There are insufficient units to execute (not enough holdings)
• There is insufficient demand in the market (no buying at or above your price)
• The security re-opens below your order limit after a trading halt and the ASX has not purged orders from the market

You should also note that where a security price falls sharply, without any trades occurring between price steps, your order might not be executed. For example, you have the following Conditional Order:

• Falling Sell or Rising Sell Trigger - $1.10
• Falling Sell or Rising Sell Limit Order - $1.08

If the security trades at $1.12, then $1.11, and then $1.07 without trading between $1.10 and $1.07, your order will not be executed. The trigger, however, will fire your order into the market at $1.07, where it will stay until executed, purged or it expires.

b.) Triggered orders for Rising Buy and Falling Buy may not execute for the following reasons:

• There is insufficient demand in the market (no selling below or equal to your price)
• The security re-opens above your order limit after a trading halt and the ASX has not purged orders from the market

You should note that where a security price rises quickly, without any trades occurring between price steps, your order might not be executed. For example, you have the following Conditional Order:

• Rising Buy or Falling Buy Trigger - $1.00
• Rising Buy or Falling Buy Limit Order - $1.03

If the security trades at $0.99 and then $1.04 without trading between $1.00 and $1.03, your order will not be executed. The trigger, however, will fire your order into the market at $1.03, where it will stay until executed, purged or it expires.

Conditional Orders remain in the market subject to CommSec's General Conditions of Trade and Trading Rules (up to 20 Trading Days for standard accounts, 5 Trading Days for Margin Lending accounts or good for trading session for CFD Accounts).

The Falling Sell, Rising Buy, Falling Buy and Rising Sell instruction will expire after 12 months or when orders are purged in market depth by the ASX (ie when there is a change in the basis of quotation).

Your order will be placed into the market when the last trade for the security matches your Conditional Order Trigger price.

Please note if a particular security in your portfolio trades unfavourably once your order is executed, you cannot cancel the executed order. This is the case regardless of the security price movement and Conditional Order type.

Any time of day online. Your Conditional Order Trigger can only be fired when the ASX/SFE is open and your security trades in accordance with the order type and trigger price.

You can also place Conditional Orders over the phone by contacting us on 13 15 19 between 8 am and 8 pm (EST), Monday to Friday. For ASX CFD Conditional Orders over the phone, you can contact us on 1300 133 875 between 8 am Monday and 7 am Saturday, Sydney time.

You can cancel a Conditional Order before it is fired by going to the Manage Order screen on the CommSec site. You can amend your trigger limit or units at any time free of charge prior to the trigger firing.

You can also amend or cancel a Conditional order over the phone by calling us on 13 15 19 between 8 am and 8 pm (EST), Monday to Friday. For ASX CFD Conditional Orders over the phone, you can contact us on 1300 133 875 between 8 am Monday and 7 am Saturday, Sydney time.

You can view the status of your conditional orders on the CommSec website and CommSecIRESS. Once you're logged in to the CommSec website, go to the Manage Order page to view the status of your conditional orders. Alternatively for CommSecIRESS, click on the Equities menu, then select Conditional Order Status, and choose from Outstanding, Fired and Cancelled triggers from the dropdown menu.

Outstanding triggers remain online until they are fired or cancelled but note that the trigger will be purged 12 months after the instruction was placed or by the ASX.

If you have configured Order Confirmations for your account, CommSec will send you an email when you place, amend or cancel your trigger and when the trigger fires or is purged. You will also receive a confirmation email when the order is placed (the order resulting from your trigger). These email confirmations are not applicable for ASX CFD Conditional Orders.

If you have opted to receive Electronic Confirmation Contract Notes, you will receive an emailed Confirmation Contract Note when the trade is booked to your account. You can configure CommSec Conditional Orders to notify through SMS if the status of your trigger changes. This is not available for ASX CFD Conditional Orders.

Where a corporate action will affect the price of a security, the ASX will purge all outstanding orders from the market. CommSec will delete your Conditional Order as soon as we receive notification from the ASX. If you have chosen to receive Conditional Order Notifications, CommSec will alert you via SMS or email when the status of your trigger changes in relation to a corporate action. This is not available for ASX CFD Conditional Orders.

If the market in your security is purged by the ASX, you will need to replace your Conditional Order Trigger to take account of the adjusted security price. Note, you will be charged for any new Conditional Order placed as a result. No fee payable for ASX CFD Conditional Orders.

When a conditional order is fired, the order is submitted to CommSec's Straight Through Processing system where the order will be vetted in the same way as if you had placed the order. In some circumstances, your order may not be placed because of insufficient credit to place a buy order or insufficient units to place a sell order.