w8-ben requested for ASX Listed ETFs

[Guest jackmanb]

Hi,

 

I've noticed any ETFs which are listed on more than one exchange will request the w8-ben is completed.

 

For example, my domestic exchange is the ASX. The Vanguard All World Ex-US ETF - AU (ASX:VEU ISN:AU000000VEU9) states the w8-ben form is required to be completed prior to allowing a trade to occur. This is one of many multi listed ETFs which throw this error.

 

Is this a platform bug as im assuming im attempting to trade an ASX listed ETF, not on the US market.

 

Thanks!

[JamesIG]

hi  - let me look into this for you. I'll get back to you as soon as possible.

 

[JamesIG]

Hi  - I've just checked on Bloomberg and in this instance even though the ETF is traded in Australia and quoted in AUD, it is still based on an incorporated entity in the US. This means that you will have to fill out a W8Ben form via the following location: MyIG > Settings > Dealing US stocks. This is only possible via a computer but it shouldn't take more than a minute or two.