Examples of Borrowing Fee in a sentence
Shareholder Cashback means, in respect of a Shareholder Application for an Instalment, an amount equal to the Loan Amount of the Instalment minus the Variable Interest Amount, Fixed Interest Amount and the Borrowing Fee payable on Acceptance of a Shareholder Application.
It is also important to bear in mind that the higher the leverage, the higher the Loan Amount and the associated Interest Amount, Capital Protection Fee and Borrowing Fee.
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Part of the First Payment, together with the Loan, is used to acquire the Underlying Security, which is held on trust for you by the Security Trustee.The First Payment includes the Initial Interest Amount and the Borrowing Fee (if any, the inclusion of which is agreed between you and your adviser).
The Loan component of your Westpac SFI means you are liable to pay borrowing costs associated with the Loan – including the Initial Interest Amount, each subsequent Interest Amount and the Borrowing Fee (if applicable).
Definitions of these terms are located at the Glossary on page 74 of PDS Part 2.Once the ABN AMRO Self Funding Instalments begin trading on the ASX, the First Payment amount will generally vary with movements in the Underlying Entities’ Shares, as well as Interest Amount, Capital Protection Fee and Borrowing Fee calculations.
The precise allocation of your First Payment – as between the cost of acquiring the Underlying Securities (less the value of the Loan drawn down), the Initial Interest Amount and the Borrowing Fee (if any) – is determined once your application monies have cleared (unless agreed otherwise between you and Westpac).
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The Loan Amount for each Westpac SFI is $16.00 and the Borrowing Fee percentage applicable is 4.4% (including GST).
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