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To initiate the process of opening an account for a trust, the authorised representative is required to:

  1. Complete the Online Application Form
  2. Submit the following documents via email to newaccounts@satrixnow.co.za
    • The completed FATCA / CRS Declaration Form
    • All supporting documentation listed below

Upon receipt, the submitted documents will be verified against the application form.

  • If all documentation is in order, a welcome email containing the account details will be issued.
  • If any discrepancies are identified, guidance will be provided to assist in completing the process.

Important: Please ensure that the Trust Ownership Form is completed accurately, with particular attention to the sections detailing the Founder/Settlor, Trustees, and Beneficiaries.

Note: Accounts for legal entities are currently available only to South African entities.

Required Documentation for Trusts

Information Required

Acceptable Verification Documents

Completed Application Form

Submitted online

FATCA / CRS Declaration Form

Section 2.2 (A or B) must be completed appropriately. Refer to SARS FAQ for guidance.

Trust Ownership Form

Must include details of all relevant stakeholders

Trust Deed / Founding Document

Certified copy of the trust deed (or will, for Will Trusts)

Master of the High Court Letter

Certified copy of the Letter of Authority (for SA trusts)

Foreign Trust Proof

Official document listing trust name, number, and trustees

Trustee Resolution

Authorisation to act on behalf of the trust, listing all trustees and signing powers

For each trustee listed:

- Certified ID (SA ID or Passport if foreign)
- Proof of residential address
 - Contact details

Proof of Bank Account

- Bank statement (not older than 3 months)
- OR signed bank letter with full account details
 - Must be in the name of the trust

SARS Document

Copy of official SARS document showing trust name and tax number (not older than 12 months)

Dividends Tax Exemption Form

Completed and signed by the Authorised User

 

Documents Required per Entity Type

Entity Type

Required Documents

Individual (Founder / Trustee / Beneficiary)

- Certified ID or passport
- Residential address
 - Contact details

South African Company

- CoR14.3 (formerly CM1)
- CoR21.1 (formerly CM22)
- Certified company letterhead
- Proof of address
 - Contact details

Foreign Company

- Certified incorporation documents
 - Contact details

Close Corporation (CC)

- CK1 and CK2 (if applicable)
- CC letterhead and proof of physical address
 - Contact details

Other Legal Entity

- Certified constitution or founding document
- Proof of address
 - Contact details

Trust

- Certified Letters of Authority
- Certified trust deed
 - Contact details

Partnership

- Certified partnership agreement
 - Contact details

Special Cases

If a Founder or Trustee is deceased or no longer exists, please submit one of the following documents as proof:

  • Death certificate
  • Deregistration certificate
  • Liquidation order

 

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Satrix Managers (RF) (Pty) Ltd (Satrix) a registered and approved Manager in Collective Investment Schemes in Securities and an authorised financial services provider in terms of the FAIS. Collective investment schemes are generally medium- to long-term investments. Unit Trusts and ETFs the investor essentially owns a “proportionate share” (in proportion to the participatory interest held in the fund) of the underlying investments held by the fund. With Unit Trusts, the investor holds participatory units issued by the fund while in the case of an ETF, the participatory interest, while issued by the fund, comprises a listed security traded on the stock exchange.

ETFs are index tracking funds, registered as a Collective Investment and can be traded by any stockbroker on the stock exchange or via Investment Plans and online trading platforms. ETFs may incur additional costs due to it being listed on the JSE. Past performance is not necessarily a guide to future performance and the value of investments / units may go up or down. A schedule of fees and charges, and maximum commissions are available on the Minimum Disclosure Document or upon request from the Manager. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. Should the respective portfolio engage in scrip lending, the utility percentage and related counterparties can be viewed on the ETF Minimum Disclosure Document. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio. The index, the applicable tracking error and the portfolio performance relative to the index can be viewed on the ETF Minimum Disclosure Document and or on the Satrix website.

Performance is based on NAV to NAV calculations of the portfolio. Individual performance may differ to that of the portfolio as a result of initial fees, actual investment date, dividend withholding tax and income reinvestment date. The reinvestment of income is calculated based on actual distributed amount and factors such as payment date and reinvestment date must be considered.

*Note exchange prices are delayed in accordance with regional exchange rules.South African prices are delayed by 15 minutes; North American prices are delayed by 15 minutes.