In response to an increase in higher dollar volume client purchases, HCI has reviewed its requirement to have certified cheques or bank drafts for purchases of $250,000 + and have increased the limits as follows:
| <$399,999 | Personal Cheque, Bank Draft or Pre-Authorized Debit (PAD) |
| $400,000 - $999,999 | Certified Cheque, Bank Draft, Wire Transfer |
| $1,000,000 + | Certified Cheque, Bank Draft, Wire Transfer - Contact HCI Compliance for pre-approval |
Wire Transfer instructions - Contact your Regional IP Processing team for detailed instructions.
There is a cost for a wire transfer from the client’s bank and the final deposit amount MUST match the total amount of the trade(s) indicated on the trade ticket. Insufficient or failed wire transfer payments will result in the trade being NIGO (not in good order) and advisors will be responsible for any costs incurred to cancel the trade.
Certified cheques, bank drafts and wire transfers must be from a Canadian bank and the client will be responsible for all costs.
