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Macquarie reFleXion® Trusts - December 2007

Discussion in 'Managed Funds & Index Funds' started by evisional, 23rd Oct, 2007.

  1. evisional

    evisional Well-Known Member

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    Melbourne
  2. evisional

    evisional Well-Known Member

    Joined:
    23rd Aug, 2007
    Posts:
    51
    Location:
    Melbourne
  3. fourth

    fourth Member

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    I was reading this page this morning. One other thing I picked up was there were only 2 points in the year that you could exit. Capital protection only occurred at maturity, which could be worthless, or invaluable. If you needed it after 7 years you have just wasted 7 years of loan interested, so you're seriously out of pocket anyway(plus inflation, opportunity costs).

    I didn't notice interest capitalization nor interest prepayment.
     
  4. evisional

    evisional Well-Known Member

    Joined:
    23rd Aug, 2007
    Posts:
    51
    Location:
    Melbourne
    According to PDS:
    [​IMG]
    [​IMG]

    The formular above is how loan repayment is calculated. It depends on the Spot Foreign Exchange Rate As at Unit Issue Date and the Spot Foreign Exchange Rate as at Unit Issue Date and the Forward Foreign Exchange Rate As at Unit Issue Date for exchange at Maturity 15 June 2015.

    How I can know the Forward Foreign Exchange Rate As at Unit Issue Date for exchange at Maturity? Is it depends on the your forward foreign exchange contract? How can I estimate the Forward ForeignExchange Rate for exchange at Maturity before logding the application?

    Do anyone know where I can get the Forward Foreign Exchange Rate as at Certain date (i.e. today) for exchange at Maturity 15 June 2015? any website ???
    Regards

    Thanks!
     

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    Last edited by a moderator: 24th Oct, 2007
  5. evisional

    evisional Well-Known Member

    Joined:
    23rd Aug, 2007
    Posts:
    51
    Location:
    Melbourne
    Email reply from Macquaries:

    --------------------------

    Unfortunately we will not know what the forward foreign exchange rate
    will be until settlement date. This information will be provided to all
    investors when the confirmation of investment and loan is sent mid
    January 2008.

    Please refer to page 72 of the PDS for an example of the Indicative
    Investment Loan Repayment. The examples in the PDS are current at the
    time of publishing.

    Alternatively forward foreign currency exchange rates may be available
    on Bloomberg or reuters.

    If you have any further questions please contact our office on 1800 080
    033.

    Many thanks

    Candice Perkins
     
    Last edited by a moderator: 25th Oct, 2007