Cash Application definition
Examples of Cash Application in a sentence
Example 3 – Cash ApplicationAn investor applies by way of Cash Application for a Series of CitiFirst Instalment MINIs issued over shares in XYZ with a Final Instalment of $10.00.
Cash Applicants should apply for CitiFirst Instalment MINIs by completing a Cash Application Form, which nominates the dollar amount that the investor wishes to invest in a Series and pay that amount by cheque, Bpay or provide authorisation for Citi to deduct that amount from their Nominated Account by direct debit.
The amount payable in respect of the Cash Application can be calculated as follows:= (Underlying Parcel Price (at time of acceptance of the Application) – Final Instalment)= ($20.00 - $10.00)= $10.00For a Cash Application the applicant pays $10.00 on Application and has a Final Instalment of $10.00.
You can use the Application Form to make a Cash Application, Securityholder Application or Rollover Application.
The drawer of the cheque and the Applicant name must be the same.BPAY: If you are paying by BPAY, the BPAY Reference Number will be the Application Number specified in the Cash Application Form.
You must also write the Application Number from the related Cash Application Form in the space provided on the Rollover Application Form.Your Cashback Amount will be invested at the issue price or the price prevailing on the day your application is accepted (please note the minimum investment is $2000 per Series).
You may choose to use such cash back as a Reinvestment Amount to acquire additional Westpac SFIs. If you choose to not receive such cash back in cash, you must complete the Westpac SFI ASX Code and Rollover/Securityholder Cash Back reinvestment percentage columns in the Cash Application section.
The market price of XYZ shares (at the time of Acceptance of the Cash Application) is $27.50 per share, the Loan Amount is $16.00, the Initial Interest Amount is $1.12 and theBorrowing Fee for the Term of the Westpac SFI is $0.70.
The amount payable in respect of the Cash Application can be calculated as follows: = (Underlying Parcel Price (at time of acceptance of the Application) – Final Instalment)= ($20.00 - $10.00)= $10.00For a Cash Application the applicant pays $10.00 on Application and has a Final Instalment of $10.00.
Your Cashback Amount will be invested at the issue price on the day your Cash Application is accepted.If you elect to receive any Cashback Amount, please enter your bank account details here for all payments and Cashback Amounts you wish to be directly credited into your bank account.