Submitted by: Submitted by ss3053
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Pages: 24
Category: Business and Industry
Date Submitted: 01/21/2011 02:14 PM
Enhanced Forward Contract
Product Disclosure Statement
Issued by: Westpac Banking Corporation ABN 33 007 457 141 Australian Financial Services Licence Number: 233714 Dated 23 March 2009
Contents
Important information about this Product Disclosure Statement (PDS) ......................... 3 Enhanced Forward Contract (EFC) Summary ................................................................. 4 What is an Enhanced Forward Contract (EFC)? .............................................................. 5 How does an EFC work? ............................................................................................... 5 Are there any Westpac credit requirements before dealing? ......................................... 5 What are the costs?...................................................................................................... 6 What are the significant benefits of an EFC?................................................................. 6 What are the significant disadvantages of an EFC? ....................................................... 6 What are the significant risks of an EFC?...................................................................... 6 What happens at maturity? .......................................................................................... 6 Can I terminate an EFC before maturity? ...................................................................... 6 What will be the value of the EFC on early termination?................................................ 6 What happens if I accept? ............................................................................................ 7 What documentation is required?................................................................................. 7 What about confirmations? .......................................................................................... 7...