Examples of Borrowing Fee in a sentence
Shareholder Cashback means, in respect of a Shareholder Application for an Instalment, an amount equal to the Loan Amount of the Instalment minus the Variable Interest Amount, Fixed Interest Amount and the Borrowing Fee payable on Acceptance of a Shareholder Application.
It is also important to bear in mind that the higher the leverage, the higher the Loan Amount and the associated Interest Amount, Capital Protection Fee and Borrowing Fee.
For each XYZ share transferred to the Security Trustee, the Loan Amount is $16.00, the Initial Interest Amount is $1.12 and the Borrowing Fee for the Term of the Westpac SFI is $0.70.
You can obtain our current estimate of trailing commission for Westpac SFIs in each Series at any time by contacting Westpac on 1800 990 107.The Borrowing Fee per Westpac SFI can be determined using the following formula:Borrowing Fee = F × LAwhere:F = the Borrowing Fee percentage applicable to the Westpac SFI; andLA = the Loan Amount.The Borrowing Fee per Westpac SFI is pre-paid once for the Term by Applicants on the date of Acceptance of your Application.
The portion of the Borrowing Fee relating to any upfront commission will be capped at 2.2% (including GST) of the Loan Amount.
Part of the First Payment, together with the Loan, is used to acquire the Underlying Security, which is held on trust for you by the Security Trustee.The First Payment includes the Initial Interest Amount and the Borrowing Fee (if any, the inclusion of which is agreed between you and your adviser).
The Loan Amount for your new Westpac SFI is $22.50, the Prior Series Rebate is $0.50, the Loan Amount (Completion Payment) for your existing Westpac SFI is $16.00, the Initial Interest Amount for the upcoming Interest Period for your new Westpac SFI is $1.12, and the Borrowing Fee for the Term of your new Westpac SFI is $0.70.
The Loan component of your Westpac SFI means you are liable to pay borrowing costs associated with the Loan – including the Initial Interest Amount, each subsequent Interest Amount and the Borrowing Fee (if applicable).
The Loan Amount for each Westpac SFI is $16.00 and the Borrowing Fee percentage applicable is 4.4% (including GST).
The precise allocation of your First Payment – as between the cost of acquiring the Underlying Securities (less the value of the Loan drawn down), the Initial Interest Amount and the Borrowing Fee (if any) – is determined once your application monies have cleared (unless agreed otherwise between you and Westpac).