Term Deposits. 8.1 From time to time either via its Website or directly to a Client the Bank may make offers for the opening of a Term Deposit. Such offers qualify as "Product Conditions". The Bank is only obliged to open a Term Deposit if the Client has accepted these Product Conditions without reservations In Writing, via the Internetservice or per telephone. In that case the Bank shall as soon as possible open that Term Deposit and shall block the agreed Deposit Amount. Term Deposits are always connected to a Savings Account. The Bank reserves the right to reject Term Deposits below a minimum amount as established by the Bank.
Term Deposits. 23.2.1 The establishment of a term deposit is made by debiting the amount corresponding to the order in the demand deposit account designated for that purpose, subject to the General Terms and Conditions and the specific conditions that are, in each case, agreed upon with the Client, notably in terms of amount, currency, interest rate, start date, due date or period (number of days).
Term Deposits. 16.3. Any funds deposited into a Term Deposit cannot be withdrawn until the maturity date.
Term Deposits. Through the Macquarie Individually Managed Account (IMA) you have the ability to invest in term deposits as part of your cash portion of your strategic asset allocation. The below diagram illustrates how term deposits held within the IMA work: Term deposits are held in trust for you by MPPM with the selected term deposit provider. Different maturities are available, with investments made on a weekly basis. Term deposits are held individually, therefore deposits under the cap are covered by the Financial Claims Scheme (FSC) (commonly referred to as the Australian Government deposit guarantee). Further information about the FSC can be obtained from the APRA website at xxxx.xxx.xx and the APRA hotline on 1300 558 849 (or +00 0 0000 0000 if calling from overseas). As part of your Investment Policy Statement you can set the parameters to which an investment in term deposits can be made. This is achieved by setting a maximum allocation to term deposits within your target cash weighting. This is subject to a minimum cash balance of two per cent. MPPM will monitor investments in term deposits to ensure it is within this allocation. YOU AND YOUR ADVISER MACQUARIE PRIVATE PORTFOLIO MANAGEMENT Term deposits Macquarie Bank Limited Investments into term deposits can be customised by the amount and term (Term Deposit Customisations). To allow for timely investment into term deposits, you authorise your financial adviser to provide these ongoing instructions on your behalf. The investible amount must be greater than $50,000 per deposit with increments of $10,000 and within your maximum allocation when the instruction is provided. You may invest in one or more term deposits as long as the total amount invested is within your maximum allocation when the instruction is provided. There may be a time when your actual account varies from your target asset allocation by more than the 10 per cent, due to such factors as market movement or cash flows. MPPM may be unable to rebalance your account back to your Strategic Asset Allocation until your term deposits mature. At maturity, MPPM will rebalance your account, which may reduce the amount of cash that is able to be reinvested in term deposits. On maturity of any term deposit, the principal and interest will be credited back to your cash holdings. Your financial adviser will be able to provide further instructions regarding the amount and term to be reinvested in term deposits. The amount to be invested and the term may be diffe...
Term Deposits. All employees will be allowed to purchase Term Deposits in the minimum amount of One Hundred Dollars ($l00.) and in multiples thereafter.
Term Deposits. These terms and conditions govern all term deposit transactions and information whether completed in person, or through an electronic or other channel, including, but not limited to, orally communicated instructions recorded by motusbank.
Term Deposits. I understand that ICICI Bank guarantees repayment at maturity of the principal sum and the interest earned on my term deposit with ICICI Bank (a “Term Deposit”). Unless otherwise instructed by me, at maturity the principal and accrued interest on my investment wi ll automatically be reinvested for a term as may be decided by ICICI Bank and at such rates as may be applicable at the time of reinvestment. For Term Deposit’s of one year or longer and in currencies other than United States Dollars, interest is calculated on the basis of 365 or 366 days and compounded and/or paid annually. When ICICI Bank offers Term Deposits in currencies for terms of less than one year, interest is calculated on the basis of 365 or 366 and paid at maturity. For Term Deposits denominated in United States Dollars and over a one year term, interest is calculated on the basis of 360 days and compounded and/or paid annually. When ICICI Bank offers term deposits in United States Dollars for terms of less than one year, interest is calculated on the basis of 360 days and paid at maturity. The principal amount shall not become payable until the maturity date, unless I have chosen to redeem my Term Deposit prior to its maturity date. The rate of interest paid on a Term Deposit that is cashed prio r to maturity, when permitted, will be adjusted to equal the cashable interest rate agreed to on the original purchase of the Term Deposit. A Term Deposit is not negotiable and may not be assigned by me.
Term Deposits. 6.1 You may instruct us to invest your funds (or a portion of your funds) in a term deposit.
Term Deposits
