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What is the PEXA Participation Agreement?

The Participation Agreement (PA) is the overarching agreement between PEXA and each Subscriber. The PA includes:

  • Obligations of both parties including privacy, confidentiality, liability, suspension, termination, insurance, disputes and change management.

  • The PEXA Service Charter, PEXA Pricing Policy and PEXA Security Policy.

  • The terms and conditions governing Financial Settlement in PEXA.

  • A commitment by each Subscriber to comply with the Model Participation Rules, as outlined by ARNECC.

 

The latest Participation Agreement can be found here

 

Who should execute the Participation Agreement?

  • The Participation Agreement should be executed by those person(s) who are authorised to enter into contracts on behalf of the organisation.

    For example: 

    • For an Individual/ Sole Trader – that Individual/ Sole Trader.

    • For a Company with a sole director who is also a sole company secretary – that director.

    • For a Company with multiple directors – two directors or a director and a company secretary.

    • For a Partnership – all partners or those partners authorised to sign on behalf of the Partnership.

 

NOTE: Whoever executes the PA on behalf of an organisation will be required to complete a face-to-face Verification of Identity (VOI).