BT's integrated Wrap and BT Margin Lending solution provides you with a simple, tax effective strategy to build wealth.
Wrap now offers a fast, efficient, flexible and easy to use gearing tool such a tool with our market leading Geared Wrap solution. Geared Wrap utilises straight through processing (STP) to deliver the means by which you can efficiently grow your wealth.
Geared Wrap gives you access to the industry award winning BT Margin Loan:
No application or transaction fees on the margin loan
No credit checks
Extensive list of approved securities on Wrap and Wrap Essentials with lending ratio's ranging from 30 - 75% for listed securities and 70% for managed funds
Buffer of 10% for both listed securities and managed funds
Two loan options both of which offer regular gearing: Standard: $20,000 minimum loan (you'll need $6,670 equity with a 75% lending ratio)
Regular Gearing: $2,500 minimum loan (you'll need $1,100 equity with a 70% lending ratio, then $250 loan drawdown per month
Why invest in BT Geared Wrap?
We have combined the benefits of BT Wrap with the benefits of gearing:
Easy Access to key information including loan position, transaction history and access to lending ratios
Fast and effective automatic trade approval provides immediate online responses
Fast and efficient transaction processing including cash advances, regular gearing and loan balance management
Increased choices to assist you implement your gearing strategy. This includes flexibility around funding or selling investments and prepaying interest.
Key Differentiating Features:
Funding of trades completed via STP
Cash movements done via STP
Same day cash advance if done by 3.00pm
Instant STP checks for trade approvals helps to reduce the risk of a margin call
Only one application form for Geared Wrap
Generous buffer: 10% for all security
No Credit Checks
Choice to fund Regular Investment Plan from bank account or the loan
Quarterly reporting on the Geared Wrap account
Ability to choose method of funding for drawdowns
Online Loan Repayment
Choice of funding for an investment from the Loan or Cash Account or a combination of both
Interest can be paid directly from the Cash Account
Set up regular withdrawals from Wrap Cash Account to linked external bank account
