Currency Futures Qualifying Clients

The following categories of clients are permitted to tradeand hold positions in currency futures and are referred toas “qualifying clients.”

1. A South African individual with no limits applicable

2. A South African corporate entity with no limits applicable

3. A non resident individual or corporate entity with no limits applicable

4. An Investment Manager and Collective investment Scheme subject to their foreign portfolio allowance

5. A resident pension fund organisation subject to their foreign portfolio allowance.

6. A resident long-term or short-term insurer subject to their foreign portfolio allowance