Got questions?
we've got answers

FAQ

  • Client ID: Client’s DMA ID
  • From account: Account number, positions should be moved FROM
  • To account: Account number, positions should be moved TO
  • Ticker: Abbreviation used to uniquely identify traded instrument (AAPL:xnas)
  • Amount: Amount of shares that need to be moved
  • Position number: Position ID, which can be found under Position details on Webconnect
  • Instrument Type: Instrument Type (etc. Shares, Bonds, Mutual Funds)
  • Related Orders Cancel?: leave blank
  • Purchase price: The price the shares need to be moved at
  • Stock transfer template (The same template can be used for both stock transfers into DMA, as well as stock transfers out of DMA)
  • PDF valuation statement reflecting the clients name and account number from the receiving or sending broker not older than 3 months
  • Wrapped products – DMA require a signed instruction letter from the wrapper provider confirming the transfer
  • Asset Swap transfer out – DMA require a confirmation letter from the receiving entity (SARB approved Institutional Investor) confirming they have sufficient capacity to accept the transfer and will, subsequently to receipt, fulfil Quarterly Asset Allocation Reporting in terms thereof.
  1. Corporate application form (Completed and signed by the authorised individual, unless the investment manager has a discretionary agreement with the client and the appropriate resolutions are in place with DMA).
  2. Power of Attorney (Signed by the authorised individual and a signatory of the investment manager).
  3. Cover Letter indicating brokerage profile, money manager fee and house structure (if relevant).
  1. Certificate of Incorporation
  2. Change of name documentation (if applicable)
  3. Memorandum of Incorporation / Memorandum & Articles of Association / Constitution (if applicable)
  4. Register of Directors
  5. Register of Shareholders (reflecting all shareholders with 20% or more of the voting rights at a general meeting of the entity)
  6. Entity organogram for complex structures
  7. Resolution/ Signatory Rules identifying those individual persons authorised to act on behalf of the entity (“Authorised Persons”)
  8. South African Barcoded Identity Document/card (Primary Identification; both pages/sides) for all Directors, Shareholders, Authorised Persons ^ – All non-South African Directors and Shareholders, copy of passport
  9. Utility bill as proof of residence for all Directors, Shareholders, Authorised Persons (dated in the last three months) ^^
  10. Utility bill Proof of registered address/operating address if not specified in the company documents already listed ^^
  11. Proof of Banking Details in the name of the Applicant i.e. Bank Statement, Cancelled Cheque or Letter from the Bank.
  1. Joint application form (Completed and signed by the clients, unless the investment manager has a discretionary agreement with the clients and the appropriate resolutions are in place with DMA).
  2. Power of Attorney for each individual (Signed by the clients and a signatory of the investment manager).
  3. Cover Letter indicating brokerage profile, money manager fee and house structure (if relevant).
  1. South African Barcoded Identity Document/card (Primary Identification); both pages/sides ^ – All non-South African clients, copy of valid passport
  2. Municipal Utility Bill as proof of residence (dated within 3 months of application to DMA) ^^
  3. Proof of Banking Details in the name of the Applicant i.e. Bank Statement, Cancelled Cheque or Letter from the Bank
  4. W8BEN if the client is opening an offshore investment account
  1. Bank/ mortgage bond statement (dated within 3 months of application to DMA)
  2. Letter from Bank confirming residential address (dated within 3 months of application to DMA)
  3. Property Title Deed or Lease Agreement
  4. A telephone account (dated within 3 months of application to DMA)
  5. A valid television license document (applicable to SA Res only)
  6. An official document issued by Tax Authority (dated within 3 months of application to DMA)
  7. An account statement or invoice issued from an Accountable Institution obliged by law to identify and verify it’s clients/customers (dated within 3 months of application to DMA)
  • Trust application form (Completed and signed by the authorised individual, unless the investment manager has a discretionary agreement with the client and the appropriate resolutions are in place with DMA).
  • Power of Attorney (Signed by the authorised individual and a signatory of the investment manager).
  • Cover Letter indicating brokerage profile, money manager fee and house structure (if relevant).
  • Trust Deed
  • Letter of Authority from Master of the High Court or other relevant authority (if applicable)
  • South African Barcoded Identity Document/card (Primary Identification; both pages/sides) for all Trustees, Named Beneficiaries as well as the Founder/Donor ^ – All non-South African Trustees/Beneficiaries/Founders/Donors, copy of passport
  • Utility bill as proof of residence for all Trustees, Named Beneficiaries, as well as the Founder/Donor (dated in the last three months) ^^
  • Proof of Banking Details in the name of the Applicant i.e. Bank Statement, Cancelled Cheque or Letter from the Bank
  • W8BENE (if this is an offshore investment)
  • Bank/ mortgage bond statement (dated within 3 months of application to DMA)
  • Letter from Bank confirming residential address (dated within 3 months of application to DMA)
  • Property Title Deed or Lease Agreement
  • A telephone account (dated within 3 months of application to DMA)
  • A valid television license document (applicable to SA Res only)
  • An official document issued by Tax Authority (dated within 3 months of application to DMA)
  • An account statement or invoice issued from an Accountable Institution obliged by law to identify and verify it’s clients/customers (dated within 3 months of application to DMA)
  • Application Form (Completed and signed by the client, unless the investment manager has a discretionary agreement with the client and the appropriate resolutions are in place with DMA.)
  • Power of Attorney (Signed by the client and a signatory of the investment manager).
  • Cover Letter indicating brokerage profile, money manager fee and house structure (if relevant).
  • South African Barcoded Identity Document/card (Primary Identification); both pages/sides ^ – All non-South African clients, copy of valid passport
  • Municipal Utility Bill as proof of residence (dated within 3 months of application to DMA) ^^
  • Proof of Banking Details in the name of the Applicant i.e. Bank Statement, Cancelled Cheque or Letter from the Bank
  • W8BEN if the client is opening an offshore investment account
  • Bank/ mortgage bond statement (dated within 3 months of application to DMA)
  • Letter from Bank confirming residential address (dated within 3 months of application to DMA)
  • Property Title Deed or Lease Agreement
  • A telephone account (dated within 3 months of application to DMA)
  • A valid television license document (applicable to SA Res only)
  • An official document issued by Tax Authority (dated within 3 months of application to DMA)
  • An account statement or invoice issued from an Accountable Institution obliged by law to identify and verify it’s clients/customers (dated within 3 months of application to DMA)
  1. Please note that if you are holding a short position in the CFD, the amount will be deducted from your account.
  2. You can find details of these movements in the “CFD Cash Adjustments” report in the “Account” tab.
  1. Due to the fact that CFDs are margin products and long positions result in the borrowing of funds by the client, financing costs apply to the borrowed amount if the long position is held overnight. Intraday CFD positions are not charged financing.
  2. As they are subject to a mark down, short positions may also result in financing costs, which may result in the interest credit becoming an interest debit.
  3. Financing is charged on CFDs on single stocks and stock indices, but not on expiring CFDs (commodity and Forex CFDs, and some stock index CFDs)
  4. The financing commission is calculated daily and charged on a monthly basis.
  1. Clients will receive margin calls (up to 100%) to their registered email, and through push notifications on their platform logins.
  2. DMA will allow a client to go over 100% margin for 47 hours. If the client stays over 100% for over 47 hours, DMA will automatically closeout all leveraged positions at market.
  3. If a client breaches the 150% margin utilisation level, DMA will closeout all leveraged positions at market – regardless of the aforementioned time period.
  1. Immediately counter the relevant trade. Example: Account is long 200 Sasol Ltd.
  2. Notify trading@dma.co.za of the misdeal by indicating the account in question and the relevant trade that was placed in error.
  3. DMA will move the two lines (the original sell and the buy) to your error account for the two lines of the trade to settle.
  4. You will be required to settle the loss of the trade in the error account.
  1. To avoid paying overdraft interest on your account you are required to hold sufficient cash collateral ensuring a positive Net Free Balance.
  2. Interest is calculated daily and settled monthly – within seven business days after the end of each calendar month.
  3. You can view the NFE in the “Interest Details” report of the “Account” tab.
  1. Use the Search field to find and select your client.
  2. Select “Historic reports”.
  3. Select the report you wish to pull
  1. Ensure you are on the top level of your structure (no client name should be displayed).
  2. Select “Account”.
  3. Select “Other” and “Subscriptions”.
  4. Select “Subscribe” on the relevant exchange for which you require live pricing. Level 1 is your top bid/offer and level 2 displays depth in the bid and offer tables:
  1. Complete the Periodic Withdrawal Form and have it signed by the authorised individual for the account.
  2. Provide updated proof of banking, which includes the account holder’s name and bank account number.
  3. Submit the above documents to vault@dma.co.za.
  1. The funds must originate from an account held in your name, we DO NOT accept 3rd party deposits.
  2. We DO NOT accept funding from a credit card.
  3. If you are banking with FNB or Standard Bank, you will need to drop the first digit of the account number : i.e. 121-XXXXXX-XXX will therefore become 21-XXXXXX-XXX.
  1. Select if want the account to be closed post the withdrawal.
  2. Indicate the DMA account number from which the funds need to be withdrawn.
  3. Indicate the name of the DMA account holder.
  4. Name of receiving bank.
  5. Address of receiving bank.
  6. SWIFT code of receiving bank. Please note this can be found on your bank’s website.
  7. Clearing code of your receiving bank. Please note this can be found on your bank’s website.
  8. Receiving bank’s branch name.
  9. Amount to be withdrawn.
  10. Currency of amount to be withdrawn.
  11. Account number or IBAN of the receiving bank account.
  12. Reference for the payment.
  13. Corresponding bank’s name. This can be found on your bank’s website or by contacting the receiving bank.
  14. Corresponding bank’s address. This can be found on your banks website or by contacting the receiving bank.
  15. Corresponding SWIFT. This can be found on your bank’s website or by contacting the receiving bank.