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
Maturity date
The maturity date is crucial in determining the lifespan of an investment or loan. Bonds come in various maturities, such as short-term (up to 5 years), medium-term (5-10 years), and long-term (10+ years), each with differing risk and return profiles.
Investors often choose bond maturities based on their financial goals, as longer maturities typically offer higher yields to compensate for potential interest rate risk.
For loans, the maturity date represents the deadline for full repayment of the borrowed amount, including principal and interest. Any unpaid balance beyond this date may result in additional fees or penalties. Understanding maturity dates enables both investors and borrowers to plan cash flows effectively and manage financial commitments with precision.
Yield to maturity (YTM)
Yield to maturity (YTM) is the total return an investor can expect to earn if a bond is held until its maturity date, assuming all interest payments are reinvested at the same rate. YTM considers the bond’s current price, face value, coupon rate, and time to maturity, providing a comprehensive measure of its potential profitability.
