Disclaimer
BY CLICKING ON “I AGREE”, I DECLARE I AM A WHOLESALE CLIENT AS DEFINED IN THE CORPORATIONS ACT 2001.
What is a Wholesale Client?
A person or entity is a “wholesale client” if they satisfy the requirements of section 761G of the Corporations Act.
This commonly includes a person or entity:
who holds an Australian Financial Services License
who has or controls at least $10 million (and may include funds held by an associate or under a trust that the person manages)
that is a body regulated by APRA other than a trustee of:
(i) a superannuation fund;
(ii) an approved deposit fund;
(iii) a pooled superannuation trust; or
(iv) a public sector superannuation scheme.
within the meaning of the Superannuation Industry (Supervision) Act 1993that is a body registered under the Financial Corporations Act 1974.
that is a trustee of:
(i) a superannuation fund; or
(ii) an approved deposit fund; or
(iii) a pooled superannuation trust; or
(iv) a public sector superannuation scheme
within the meaning of the Superannuation Industry (Supervision) Act 1993 and the fund, trust or scheme has net assets of at least $10 million.that is a listed entity or a related body corporate of a listed entity
that is an exempt public authority
that is a body corporate, or an unincorporated body, that:
(i) carries on a business of investment in financial products, interests in land or other investments; and
(ii) for those purposes, invests funds received (directly or indirectly) following an offer or invitation to the public, within the meaning of section 82 of the Corporations Act 2001, the terms of which provided for the funds subscribed to be invested for those purposes.that is a foreign entity which, if established or incorporated in Australia, would be covered by one of the preceding paragraphs.
Fixed income
Debt Service Coverage Ratio
The Debt Service Coverage Ratio (DSCR) is a financial metric used to measure a company’s ability to meet its debt obligations. It’s calculated by dividing a company’s net operating income by its total debt service, which includes principal and interest payments. A DSCR greater than 1 indicates the company generates enough income to cover its debt payments, while a ratio below 1 suggests potential difficulty in meeting these obligations.
For example:
A company earns USD 500,000 a year in operating income, and it needs to pay USD 400,000 a year to cover its loan payments (both interest and principal).
As the company earns more than it needs to cover its debt payments, it has a DSCR of 1.25. This means it earns 25% more than it needs to pay off its debt, showing it’s in a healthy position to meet its obligations comfortably.
