We require documents proving that you have sufficient trading capital available in your funding account (equal to your trade size):
Funding account
● 3 months bank statements (most recent) of your day-to-day transactional account (funding account)
● Interim bank statement or transaction history showing trading capital if transfer was made after last statement date
In addition to the above, we also require the documents below for each of the categories from which your source of funds originate:
Savings
● 3 months savings account statements (most recent)
● Interim statement or transaction history if the most recent is more than 30 days old
● Interim statement or transaction history showing the transfer of capital to your funding account
Investments
● Investment account statement (most recent)
● Proof of transfer to your day-to-day transactional account (funding account)
Private company dividend
● Proof of share ownership (share certificate/share register)
● Resolution to declare dividend signed by board of directors stating amount and date of payment
Retirement annuity
● Proof that retirement annuity was encashed
Spousal donation
● Marriage certificate
● 3 months bank statements from the account your spouse transferred funds from (most recent)
● Additional source of funds document(s) from spouse as per this page
NCR registered loan (home loan/overdraft/credit card)
● Loan account statement (most recent) showing available facility
Loan repayment (Individual)
Please note that this refers to an instance in the past where you have loaned funds to an individual and they are repaying the funds to you (you are the lender and they are the borrower).
● Loan agreement between you and the individual stating amount loaned, date of loan and the terms of repayment
● A personal bank statement showing the transfer of funds to the borrower
● Proof of loan being repaid
Loan repayment (Business/Trust)
Please note that this refers to an instance in the past where you have loaned funds to a trust or business and they are repaying the funds to you.
● Loan agreement between you and the business/trust or the Annual Financial Statements of the business/trust
● A personal bank statement showing the transfer of funds to the business/trust (if no AFS were provided)
● Proof of loan being repaid by entity (resolution signed by directors/trustees to repay the loan stating amount and date of repayment)
Trust distribution
● Trust deed showing you as a beneficiary
● Letter of authority
● Resolution signed by trustees to make a distribution (must include amount and date of distribution made)
Inheritance
● Signed liquidation & distribution account showing amount due to you
Sale of asset
● Contract of sale (must detail item/s sold, amount/s sold for, buyer and seller and date of sale)
● Proof of transfer (if applicable)
Sole proprietor
● 3 months sole proprietor bank account statements (most recent)
Insurance payout
● Proof of policy
● Statement from insurer showing the payout
Rental income
● Proof of funds reflecting in the account
● Invoices for the rental amounts
Salary
● Payslips from official payroll provider showing PAYE and UIF contributions were made and amounts owed
● Statement showing the funds reflecting in the account
Commission or bonus
● Proof of commission/bonus amount owed in the form of an invoice/payslip
Offshore earnings
● Work contract
● Work visa
● 3 month’s payslips
● 3 month’s statements for any offshore accounts where money was transferred from
