Float or placement calendar

You can use the floats and placement calendar when your client’s applying for a float (Initial Public Offering or IPO) via their external broker. To submit an application for an upcoming float or placement:

 
  1. Log in to Adviser Online
  2. Select Transacting from the side navigation panel
  3. Select Corporate Actions
  4. Select Floats and Placements calendar from the options
  5. Select the float I want was not found from the bottom of the page
  6. Select an adviser code and account type. Click make a float or placement application
  7. Enter the details for the float or placement.

All securities are subject to approval before it can be held on the platform. If the client wishes to request the stock to be reviewed and to participate in the offer, they need to submit the trade details. We must have the information of the trade details so that our custodian can settle the offer within the client’s wrap account.

When to submit broker firm offers

Wrap won't be able to settle the trade during normal settlement if submitted after the close date. Please discuss with your broker and confirm with us in relation to deferred settlement.

If settlement of the security is via DVP (Delivery Versus Payment), applications must be received:

  • 3 business days before the earliest of the offer close or settlement date if the security has been approved
  • 8 business days before the earliest of the offer close or settlement date if the security hasn’t been approved.

If settlement of the security is not via DVP, applications must be received:

  • 8 business days before the earliest of the offer close or settlement date if the security hasn’t been approved
  • 5 business days before the earliest of the offer close or settlement date if the security has been approved and settlement details are unknown at the time of the application
  • 3 business days before the earliest of the offer close or settlement date if the security has been approved and settlement details are known at the time of the application.
Was this helpful?
 

If you have any feedback on this article or need
additional support, please contact us via live chat
or email service@wrapinvest.com.au.