Corporate Deposit Program
Our Corporate Deposit Program offers exclusive rates on Term Deposits to other strong local entities. South West Credit is part of The Customer Owned Banking Association (COBA) which represents a sector that:
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About South West Credit: |
In addition to the ADI licence to carry out banking business, South West Credit holds and Australian Financial Services Licence (AFSL) and is regulated by the Australian Securities and Investments Commission (ASIC) under the Corporations Act 2011. AFSL holders are subject to a range of licensing, conduct and disclosure obligations. South West Credit is also subject to regulatory obligations under a range of laws, including:
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Benefits of investing with South West Credit: |
Benefits of investing with South West Credit (a non-rated) Authorised Deposit-taking Institutions (ADI): All banks (both rated and non-rated) in Australia are regulated by the Australian Prudential Regulation Authority (APRA). In addition, non-rated banks are held up to the same regulatory scrutiny as their rated peers , meaning that they are mandated to maintain the same minimum levels of capital and liquidity. For an investor, non-rated banks offer the following benefits:
A great leveller imposing legislative restraint on the entire banking sector’s activity is the Banking Act 1959, which makes it an indictable offence for a bank to have inadequate assets to meet its deposit liabilities. |
Investment Strategy: |
Investors seeking higher term deposit rates should consider investing 20% to 30% of their portfolio in non-rated ADI’s for terms 12 months or less as these non-rated ADI’s are directly governed by APRA’s regulatory regime, exactly the same as the major Australian banks. |
Learn More: |
For more information on the Corporate Deposit Program, contact our Chief Financial Officer on (03) 5560 3900, or email finance@swcredit.com.au |
Additional Information: |