|
Investment Products & Services
Only
participating authorities (as
defined by the
TASCORP Act)
may deposit funds with TASCORP.
For clients that satisfy this
definition TASCORP offers a high level of security
and market-based rates of
return. Our current suite of
deposit products are listed below. Should you require information on which investment would best suit your requirements please contact either Client Services
or
Financial Markets.
Cash Management Account
Term Deposits
Cash Index Fund
Fixed
Interest Index Fund
Money deposited with TASCORP
is secured by a State of Tasmania Government Guarantee. This guarantee
underpins TASCORP’s financial market Credit Ratings.
| For indicative interest rates on any of our funds management products please contact: |
 |
|
Financial Markets |
|
|
| Cash Management
Account |
|
|
Used for |
|
Investing
surplus cash
at call |
| Investment horizon |
|
Short term |
| Investment term |
|
At call |
| Interest
payments |
|
Calculated daily, credited monthly |
| Minimum transaction size |
|
$10,000 |
|
Target return |
|
Official
Cash Rate |
| Fees |
|
0.15%
p.a. |
| Facility documentation |
|
None
required. |
|
|
| Term Deposits |
|
|
Used for |
|
Investing
surplus cash
for fixed
terms |
| Investment
horizon |
|
Short to
medium term |
| Interest
term |
|
1 to 18
months |
| Interest
payments |
|
Calculated daily, credited
on maturity |
| Minimum transaction size |
|
$100,000 |
|
Interest
rate |
|
Quoted on a
deposit by
deposit
basis |
| Fees |
|
Nil |
| Facility documentation |
|
None
required |
|
|
| Cash Index Fund |
|
|
Used for |
|
Accumulating
cash
reserves |
| Investment horizon |
|
Medium term |
| Investment term |
|
At least 1
year |
| Interest
payments |
|
Calculated daily, credited monthly |
| Minimum transaction size |
|
$1,000,000 |
|
Contracted return |
|
90 day UBS Bank Bill Index |
| Fees |
|
Nil |
| Facility documentation |
|
Yes,
please
contact Client Services. |
|
|
| Fixed Index Fund |
|
|
Used for |
|
Core fixed
interest
investments |
| Investment horizon |
|
Long term |
| Investment term |
|
2 to 5 years |
| Interest
payments |
|
Calculated daily, credited monthly |
| Minimum transaction size |
|
to be agreed
on
application |
|
Contracted return |
|
Wholesale return benchmarked to an
agreed fixed interest index |
| Fees |
|
Yes,
negotiated |
| Facility documentation |
|
Yes, please
contact Client Services |
|
|
|
