There are some aspects of this fund which may require extra consideration before deciding to invest.
Restrictions on transfer
There are rules around transfering in and out of this investment, which may depend on eligibility. For example, overseas investors may not be able to transfer into some New Zealand managed funds. Or there may be restrictions on withdrawals, such as not until age 65 for KiwiSaver funds.
Issuer's description of this product:
Qantas Cash is an unsubordinated, unsecured debt security.
Minimum investment
This is the minimum amount you would need to put into this in order to invest.
Closing date
This is when this offer closes to investors.
Maturity
This investment does not have a fixed date of maturity, which can mean flexible or multiple terms are available.
Rate
This investment offer does not have a single set rate. This may mean that the rate is variable or that there are multiple rates available.
Key facts
Provider website
Issuer's industry
Financial/insurance
Credit ratings
Credit ratings can help you understand whether your investment in bonds will pay or if you'll get your money back. They indicate the long-term ability of the issuer to repay its debts. See also the Reserve Bank's primer on credit ratings and a map of the three scales used by the rating agencies.
This is the credit rating for this particular bond or debt security.
Issuer credit rating
This is the credit rating for the organisation issuing the bond or debt security.
Maturity
Maturity conditions description
Your Qantas Cash facility does not itself expire, but the Qantas Card cannot be used to access your Qantas Cash facility after the expiry date printed on the Qantas Cash side of your Qantas Card. After this date, you will not be able to use your Qantas Card to access money loaded onto your Qantas Cash facility until your replacement Qantas Card is sent to you and you activate this card. However, you will still be able to use your Qantas Cash facility by accessing your facility online.
Rate
Rate calculation description
You will not earn any interest on money you have loaded onto your Qantas Cash facility.
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
QC product disclosure statement.pdf
How this investment works, including about the provider, risks, costs and potential returns
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Trust Deed - Trust Account Arrangement.pdf
Terms & Conditions - Qantas Cash.pdf
Qantas Cash Ranking Diagram.pdf
Qantas Cash Financial Information.pdf
Qantas Cash Ranking Diagram.pdf
Qantas Cash Financial Information.pdf
Qantas Cash supplementary document.pdf
TCSL Exemption Notice Statement 30.06.20.pdf
Qantas Cash Ranking Diagram FY19.pdf
Qantas Cash Financial Information FY19.pdf
Supplementary Document - Qantas Cash.pdf
Additional details
Issuer details
Name
TRAVELEX CARD SERVICES LIMITED
Type
Overseas Non-ASIC Company
Industry
Financial/insurance
Website
NZBN
9429031099530
FSP Number
Credit rating
Not provided
Supervisor
Name
CORPORATE TRUST LIMITED
Offer details
Date registered
27 October 2015
Date opened
03 November 2015
Closing date
26 November 2020
Continuous issue
Yes
Further payments may be required
No
Restrictions on transfer
Yes
Issuer can withhold, reduce, or delay payment
No
Convertible product
No
Intending to list
No
Schedule 1 exemption
No
FMA exemption
No
Reference numbers
Offer
OFR10294: OFFER OF QANTAS CASH BY TRAVELEX CARD SERVICES LIMITED.
Next steps
Want to know more about this investment or how it compares to others? Have a look at its peers.
Product disclosure statement
Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.
Getting investment advice
Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask.
Interested in investing in this offer? Visit the provider's website. travelex.co.nz