There are some aspects of this fund which may require extra consideration before deciding to invest.
FMA exemption
Some funds are exempted from the disclosure requirements, so certain information may not be available for these offers. Or the information provided might be in a different form, given the bespoke nature of the offer. Here's more on Financial Markets Authority exemptions.
Financial Markets Conduct (EML Payment Solutions Limited) Exemption Notice 2021.
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:
Travelex Multi-currency Cash Passport is an unsecured, unsubordinated 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 Travelex Multi-currency Cash Passport continues until you ask EML to close it and to pay the balance (less any fees) to you, or if the balance on your Travelex Multi-currency Cash Passport is nil and your Card has expired. Your Card is active for five (5) years and valid until the date shown on the front of the card. After the expiry date, you will not be able to use your Card to access money loaded onto your Travelex Multi-currency Cash Passport. However, you will still be able to obtain your money loaded onto your Travelex Multi-currency Cash Passport from EML through a Cash Out.
Rate
Rate calculation description
You will not earn any interest on the money you have loaded onto your Travelex Multi-currency Cash Passport.
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.
Travelex Multi Currency Cash Passport - PDS.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.
Travelex Multi Currency Cash Passport - Terms and Conditions.pdf
Statement regarding financial information and financial statements.pdf
Declaration of Trust.pdf
EML Financial Information Summary - Travelex Multi-currency Cash Passport.pdf
Travelex Multi-currency Cash Passport Ranking Table.pdf
EML Financial Information Summary - Travelex Multi-currency Cash Passport.pdf
Travelex Multi-currency Cash Passport Ranking Table.pdf
Travelex Multi-currency Cash Passport Ranking Table.pdf
EML Financial Information Summary - Travelex Multi-currency Cash Passport.pdf
EML Financial Information Summary - Travelex Multi currency Cash Passport FY23.pdf
Travelex Multi-currency Cash Passport Ranking Table FY23.pdf
EML Financial Information Summary - Travelex Money Card FY24.pdf
Travelex Money Card Ranking Table FY24.pdf
Additional details
Issuer details
Name
EML PAYMENT SOLUTIONS LIMITED
Type
Overseas ASIC Company
Industry
Financial/insurance
Website
Registration number in country of origin
ACN 131 436 532
NZBN
9429048519045
FSP Number
Credit rating
Not provided
Supervisor
Name
COVENANT TRUSTEE SERVICES LIMITED
Offer details
Date registered
19 March 2021
Date opened
28 April 2021
Closing date
28 April 2021
Continuous issue
Yes
Further payments may be required
Yes
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
Yes: Financial Markets Conduct (EML Payment Solutions Limited) Exemption Notice 2021.
Reference numbers
Offer
OFR13062: TRAVELEX MULTI-CURRENCY CASH PASSPORT
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. emlpayments.com