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:
Unsecured call deposits
Minimum investment
This is the minimum amount you would need to put into this in order to invest.
Closing date
This offer does not have a closing date and is a continuous issue. It's likely you'll be able to invest for the forseeable future.
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
Retail
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
Deposits can be withdrawn on demand
Rate
Rate calculation description
Interest is calculated on every dollar of all Deposits at a flat rate.
The process followed involves
1. Ascertaining interest rates offered to the general public by retail banks on term deposits of up to 90 days as reported in metropolitan daily newspapers.
2. Determining the average interest rate that CMC is currently paying on its bank borrowings.
3. Setting the Deposit interest rate to be neither significantly higher nor significantly lower than the interest rates established in steps 1 and 2.
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.
Product Disclosure Statement 221215.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.
key product and financial information 2017.pdf
key product and financial information 2018.pdf
key product and financial information 2019.pdf
key product and financial information 221214.pdf
Additional details
Issuer details
Name
THE COLONIAL MOTOR COMPANY LIMITED
Type
NZ Limited Company
Industry
Retail
Website
Registration number in country of origin
1139
NZBN
9429040973531
FSP Number
Credit rating
Not provided
Supervisor
Name
PUBLIC TRUST
Offer details
Date registered
13 September 2016
Date opened
24 April 2017
Closing date
None
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
OFR10710: THE COLONIAL MOTOR COMPANY LIMITED AT-CALL DEPOSITS
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. colmotor.co.nz