FISCAL AGENTS: Financial Services Group


Open the QuickNav window
Home
Search
Site Map
Contact

The Knowledge Bank
Info-Reports
IP-Profiler
10 Principles Book
The Book Store
Financial Glossary
InterWeb
Resource Centre

The Money Centre

The Learning Centre

Financial Tools

The Money Management Newsletter

Products and Services
About Us

IP-Profiler - Investments / Deposits
Certificates Of Deposits

Today's investor has no shortage of investment options to choose from. We believe 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.

The Fiscal IP-P r o f i l e r Reports
© 1998 FISCAL AGENTS Financial Services Group
All rights reserved

Email Us!
Legal Notices






Fiscal Agents Home

Knowledge Bank Money Centre
Learning Centre Financial Tools
Newsletter Products & Services
About Us    

Legal | Site Map | Home | Search

Copyright © 1984 - Fiscal Agents Financial Services Group


Questions? Comments?
Use our Feedback page to contact us.