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IP-Profiler - Investments / Deposits
Certificates
Of Deposits
Today's
investor has no shortage of investment options to choose from. At Fiscal
Agents we believe that an informed investor is our strongest asset and
as such, our financial advisors have an open-door approach to the financial
services marketplace. We can help guide you through many types of investments
decisions.
We believed
so strongly in our mission to make money management easy for our clients
that we went and had it registered as our Trade Mark - Money Management
Made Easy®.
We want
you to profit from our research. This
section provides a base reference source of investment products in a
simple format. The information outlined below is provided to give an
overall illustration of parameters that may be in effect for this investment
product.
Investment
Product
P r o f i l e r : |
$
U.S. Certificate of Deposit |
| Questions to Ask: |
Answers
you may find: |
Instrument
issued:
Term (Years): |
Certificate
of Deposit
Long term 1,2,3,4,5,6 (not covered under CDIC) |
| Certificate/Confirmation
Issued: |
Confirmation
need not be surrendered at maturity. Certificates available upon request
but must be surrendered at maturity. |
Interest
Payment Frequency /
Minimum Deposit: |
Annual
($5,000)
Semi-Annual |
| How
are Cheques with J.T.W.R.T.S Worded: |
John
(and, or, and/or) Mary
As GIC registration indicates. |
| Interest
Payment Dates: |
On
anniversary date, semi-annually, quarterly, monthly or weekly from
purchase date. |
Instrument
maturing on anniversary
date / business day: |
Business
day |
| Mail
Interest Cheques: |
2
weeks prior to payment date, or same day if Direct deposit. |
| Compounding
Option: |
1-5
years only (annual) |
| Transferable: |
No |
| Assignable: |
Yes,
only with Issuer. |
| Redeemable
/ Redemption Penalty: |
If
within 30 days after purchase/renewal date, no interest paid. No partial
redemption. |
| GICs
Cashable / Transferable upon death: |
Yes |
| Documentation
required (and/or): |
- Proof
of death,
- Copy
of will,
- Letters
probate (if over $20,000)
- Letter
of transmission.
- Notarial
copy of death certificate
- Bond
of Indemnity / Power of attorney - small estate
|
| Fee/Penalty: |
None,
if issuer is the executor; if not $5 per certificate, max $25. |
Notes::
Certificate/Confirmation Issued:
In addition of what type of note is
issued we wish to point out that upon maturity, we are referring to whether
or not the certificate or confirmation need be surrendered in order for
redemption to take place.
Transferable:
1. Where does the transfer of ownership
take place? (i.e. Head Office or Branch)
2. How long does transfer take?
3. Are there any charges?
4. What date is the certificate re-issued
from?
Data extracted from
The Fiscal Reports - Investment Instruments Report # 5 - 1 are
provided as a generic product illustration only - issuers of such products
may have some, but not all of the features shown below.
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