MET Collective Investments (RF) (Pty) Ltd repurchase form

Transcription

1 MET Collective Investments (F) (Pty) Ltd repurchase fm Contract Number U Imptant: Please read the minimum disclosure documents (MDDs, also known as fact sheets) f each ptfolio befe signing this fm. Kindly the completed fm and necessary documentation to ci.clientservice@momentum.co.za. Alternatively, it may be faxed to +27 (0) F enquiries, please contact our client service centre on Section 1: Invest details Country in which invest resides f tax purposes Select one of the following: If an individual South-African citizen Feign national If an entity South-African company Feign company Partnership Trust Close cpation Non-taxable institution If other Other (specify) Personal details (please complete if you are an individual invest the authised representative of the entity) Title Initials Full name(s) Surname Date of birth Nationality D D M M Y Y Y Y Gender Male Female South African citizen Identity number Feign national Passpt number Country of birth Country of residence Details of entity (please complete if the invest is in the name of an entity) Name of legal entity egistration number MET Collective Investments (F) (Pty) Ltd egistration No. 1991/003741/ West Avenue, Centurion, 0157 PO Box 7400, Centurion, 0046 Hotline Telephone +27 (0) Facsimile +27 (0) ci.clientservice@momentum.co.za MMI Holdings Limited is a full member of the Association f Savings and Investment South Africa Please refer to our website f directs and company secretary details Published: 7 July 2015 Page 1 of 8

2 egistration date Country of incpation Contact details esidential telephone number Office number Fax number Mobile Preferred address Would you like to have online access to your ptfolio? Yes No esidential/business address Postal address (if different from above) egistered address (if an entity) Crespondence Statement type Summary Detail Statement frequency Monthly Quarterly All periodic statements will be sent to your preferred address stipulated above. MET Collective Investments (F) (Pty) Ltd is on a positive drive to lower its carbon footprint. We would appreciate your suppt by helping us reduce our use of paper and, in doing so, minimise our effect on the environment. To make a difference, please state your preferred method of communication as and supply us with a valid address. Preferred method of communication Post Section 2: Details of controlling person (please complete if the invest is in the name of an entity) If there is me than one controlling person, please make copies of this page and complete this section f each controlling person. Country in which controlling person resides f tax purposes Select one of the following: If an individual South-African citizen Feign national If an entity South-African company Feign company Partnership Trust Close cpation Non-taxable institution If other Other (specify) met collective investments (F) (Pty) Ltd repurchase fm published: 7 july 2015 Page 2 of 8

3 Personal details Title Initials Full name(s) Surname Date of birth Nationality D D M M Y Y Y Y Gender Male Female South African citizen Identity number Feign national Passpt number Country of birth Country of residence Details of entity (please complete if an entity is the controlling person) Name of legal entity egistration number egistration date Country of incpation Contact details esidential telephone number Office number Fax number Mobile Preferred address Would you like to have online access to your ptfolio? Yes No esidential/business address Postal address (if different from above) egistered address (if an entity) met collective investments (F) (Pty) Ltd repurchase fm published: 7 july 2015 Page 3 of 8

4 Crespondence Statement type Summary Detail Statement frequency Monthly Quarterly All periodic statements will be sent to your preferred address stipulated above. MET Collective Investments (F) (Pty) Ltd is on a positive drive to lower its carbon footprint. We would appreciate your suppt by helping us reduce our use of paper and, in doing so, minimise our effect on the environment. To make a difference, please state your preferred method of communication as and supply us with a valid address. Preferred method of communication Post Section 3: Details of person acting on behalf of invest (optional, dependent on circumstances) This section should only be completed if the person acting on behalf of the invest is different to the details given in section 1. Country in which resident resides f tax purposes Select one of the following: If an individual South-African citizen Feign national If an entity South-African company Feign company Partnership Trust Close cpation Non-taxable institution If other Other (specify) Personal details Title Initials Full name(s) Surname Date of birth Nationality D D M M Y Y Y Y Gender Male Female South African citizen Identity number Feign national Passpt number Country of birth Country of residence Details of entity (please complete if an entity is acting on behalf of the invest) Name of legal entity egistration number egistration date Country of incpation Contact details esidential telephone number Office number Fax number met collective investments (F) (Pty) Ltd repurchase fm published: 7 july 2015 Page 4 of 8

5 Mobile Preferred address Would you like to have online access to your ptfolio? esidential/business address Yes No Postal address (if different from above) egistered address (if an entity) Crespondence Statement type Summary Detail Statement frequency Monthly Quarterly All periodic statements will be sent to your preferred address stipulated above. MET Collective Investments (F) (Pty) Ltd is on a positive drive to lower its carbon footprint. We would appreciate your suppt by helping us reduce our use of paper and, in doing so, minimise our effect on the environment. To make a difference, please state your preferred method of communication as and supply us with a valid address. Preferred method of communication Post Section 4: epurchase instruction (Only complete one of the options per ptfolio) I wish to repurchase from: Ptfolio name Amount All units Section 5: Proceeds Please credit my bank account (Note: only an account in the name of the invest may be credited) Bank Branch name Account number Branch code Account name met collective investments (F) (Pty) Ltd repurchase fm published: 7 july 2015 Page 5 of 8

6 Type of account Current/Cheque Savings Transmission I would like to use the bank account details nominated on the MET Collective Investments (F) (Pty) Ltd Application Fm. Please provide proof of your account, e.g. used/cancelled blank cheque. If the details above are your preferred details you will have the option to use them throughout the fm. MET Collective Investments (F) (Pty) Ltd does not cater f debit ders linked to feign bank accounts. I/We indemnify MET Collective Investments (F) (Pty) Ltd against all and any claims, losses and/ damages whether indirect, consequential and/ any expense of any nature whatsoever which I/we may incur suffer as a result of MET Collective Investments (F) (Pty) Ltd collecting the investment amount contrary to any instruction provided by me/us. I/We acknowledge that notwithstanding my/our instruction on when the cash must be debited from my/our account, the value of the units shall be determined on the day that the cash reflects in MET Collective Investments (F) (Pty) Ltd's bank account. Depending on the payment method I/we have chosen, I/we authise MET Collective Investments (F) (Pty) Ltd to collect any money from the bank account I/we have specified. This authisation will apply to this contract and includes any amendments to this contract and claims f the benefits that MET Collective Investments (F) (Pty) Ltd has granted under this contract. If I/we am/are signing on behalf of an institution, I/we declare that I/we am/are duly authised to do so. I/We undertake to infm MET Collective Investments (F) (Pty) Ltd of any change to my/our bank details and I/we authise MET Collective Investments (F) (Pty) Ltd to verify my/our current and/ future bank account details with my/our bank. I/We acknowledge and understand that MET Collective Investments (F) (Pty) Ltd may act on investment instruction received from myself/ourselves befe MET Collective Investments (F) (Pty) Ltd receives cleared cash on a debit der instruction. In the event of MET Collective Investments (F) (Pty) Ltd acting on my/our investment instruction and subsequently not receiving the cash, I/we acknowledge that I/we shall be liable to MET Collective Investments (F) (Pty) Ltd f any and all claims, losses and/ damages whether indirect, special sub sequential and/ any expense of any nature whatsoever which MET Collective Investments (F) (Pty) Ltd may incur suffer as a result of the afesaid. I/We understand that electronic payments and/ internet transfers can take up to 2 (two) days to appear in my/our bank account. Section 6: Monthly savings plan (where applicable) Cancel debit der? Yes No NOTE: Debit ders have a clearing period of 15 business days. If no option is selected, the debit der will not be cancelled Section 7: CIS disclosures Collective investment schemes in securities are generally medium- to long-term investments. The value of participaty interests the investment may go down as well as up. Past perfmance is not necessarily a guide to future perfmance. The manager does not provide any guarantee, either with respect to the capital the return of a ptfolio. Collective investment schemes are traded at ruling prices and can engage in browing and scrip lending. The collective investment scheme may brow up to 10% of the market value of the ptfolio to bridge insufficient liquidity. Different classes of participaty interests apply to these ptfolios and are subject to different fees and charges. A schedule of fees, charges and maximum commissions is available on request from the manager, is available on the website at Fward pricing is used. The ptfolio valuation time is 08h00 f fund of funds, 17h00 f the PIC MET Managed Fund and the PIC MET Money Market Fund and the PIC MET Bond Funds, and 15h00 f all other ptfolios and the transaction cut-off time is 14h00. The transaction cut-off time should be 14h00, f ptfolios except fund of funds, but execution is not always guaranteed. If execution could not take place on the same day, it will take place the next business day, at the earliest possible opptunity. F fund of funds, the cut-off time f the execution of trades is 14h00 on the day preceding the pricing date. The terms and conditions as well as the minimum disclosure document (MDD) f each fund are available on MET Collective Investments' website at Associates of the manager may be invested within certain ptfolios and the details thereof are available from the manager. The manager retains full legal responsibility f the third-party-named ptfolio. Section 8: Terms and conditions Invests must read the applicable terms and conditions outlined below as well as the necessary FICA and new business requirements available on the MET Collective Investments (F) (Pty) Ltd website ( befe signing the application fm. 1. F the purposes of this application fm, an Invest means the holder of a participaty interest/s in a collective investment scheme in securities administered and managed by MET Collective Investments (F) (Pty) Ltd ( the Manager ), which is registered with the egistrar of Collective Investment Schemes. 2. Net asset value (NAV): Prices are calculated on a NAV basis, which is dependent on the total value of all assets in the ptfolio including any income accruals and less any permissible deductions from the ptfolio divided by the number of participaty interest/s in issue. Permissible deductions include brokerage, securities transfer tax, audit's fees, bank charges, trustee/custodian fees and the service charge levied by the Manager. Service charge: The service charge f each ptfolio is accrued daily and levied monthly on the market value of the ptfolio. A ptfolio may have a perfmance-based annual fee, which shall be a variable amount that may either increase decrease, depending on whether the Managerhas added detracted value f the ptfolio relative to the ptfolio's benchmark. efer to the latest minimum disclosure documents(mdds) f me details. The service charge is usually deducted from the income received by the ptfolio/s. 3. Perfmance fees: Certain ptfolios have perfmance fees which are detailed in the Manager's ptfolio summary sheet, available on and on the latest MDD. Invests may carry a lower proption of the perfmance fee relative to perfmance enjoyed, while other Invests may carry a higher proption of the perfmance fee relative to perfmance enjoyed. Where underlying ptfolio/s charge implicit perfmance fees (i.e. implicit in their unit prices), Invests may carry these perfmance fees regardless of whether the top-tier ptfolio mandate has outperfmed its own benchmark. met collective investments (F) (Pty) Ltd repurchase fm terms and conditions published: 7 july 2015 Page 6 of 8

7 4. Total expense ratio (TE): The TE of a ptfolio is a measure of the ptfolio's assets that were relinquished as operating costs expressed as a percentage of the daily average value of the ptfolio calculated over a period of usually a financial year. Typical expenses which are deducted from a ptfolio include annual service charges, perfmance fees, taxes, trustee fees and audit fees. The latest TEs are displayed on the MDDs. 5. Switch: A switch involves selling participaty interests in one ptfolio and investing the proceeds in another ptfolio. efer to the Manager's Switch Fm f further details as well as applicable fees. 6. Income distributions are made at regular intervals f all ptfolio/s. Distributions are declared as specified in the Deed and applicable supplementary deed/s. efer to the latest MDDs f me details. Distribution payments will only be made if the value of the payment is above The Invest applies to invest in the ptfolio/s administered and managed by the Manager in accdance with the provisions of the Deed and any supplemental deed/s executed thereafter as at the NAV price as at close of business on the date of receipt of the money by the Manager from the Invest. 7.1 In the case of an initial investment, no investment application shall be considered processed unless the Manager is in receipt of the following: A fully completed application fm Proof of receipt of money, f example deposit slip proof of electronic transfer Investment instructions 7.2 The requirements as stipulated in clause 7.1 above must be in possession of the Manager befe the daily cut-off time of 14h00. If the requirements are only satisfied after 14h00, the following wking day's NAV price shall be used to calculate the purchase value of the investment and the investment will be processed on such following wking day. In instances where the Invest is applying f subsequent investment/s, the Invest must fward proof of deposit bank confirmation slip to the Manager as well as investment instruction completed on the relevant fm by facsimile to the Manager befe the cut-off time of 14h00. Provided the Invest has fwarded proof of deposit bank confirmation slip and instructions, the application will be processed on the next wking day. 8. Feign invests use the same bank account details noted on the application fms and are issued with a swift code by the bank. Deposits and payments will only be received in South African rands. 9. The Invest authises the Manager to act upon investment instructions completed on the relevant fm received by facsimile, , internet site any other electronic medium with regard to any investment in ptfolio/s administered and managed by the Manager. The Invest confirms that any electronic recd of investment instructions and applications received and processed by the Manager as afesaid will constitute prima facie proof of the contents of such instructions and applications and the Invest indemnifies the Manager against any losses, claims damages arising from acting on such instructions and/ applications and confirms that the Manager shall not incur any liability of whatsoever nature in respect of any transfer, payment other act done in accdance with such instructions and/ applications notwithstanding that it shall be shown that same was not signed, sent emanated by the Invest. It is also agreed that this authisation shall remain in fce until notice in writing of its termination is received by the Manager and any such notice shall be without prejudice to the completion of transactions already initiated pursuant to this authisation. 10. All documentation and/ communication received by any fm of electronic medium by the Manager from the Invest, including but not limited to, application fms, specific documents required requested by the Manager, investment instructions completed on the relevant fm, proof of deposit bank confirmation slip and so fth, must not be assumed to be in the possession of the Manager. The Invest must after fwarding an instruction to the Manager's Client Service Centre number as stipulated in the application fm confirm that the Manager is in receipt of such instruction. The Manager shall not be held liable f any and all claims, losses and damages whether indirect, special consequential and any expense of any nature whatsoever which the Invest may incur suffer as a result of the Invest not adhering to the afesaid. 11. As stipulated in clause 7.1 above, this application fm will not be processed befe the Manager receiving all of the relevant documentation required, as set out in the Financial Intelligence Centre Act, 38 of 2001 (FICA) and new business requirements document. The Manager reserves the right to request further documentation not referred to in this document, as and when applicable and further reserves the right not to process any Investment instruction/s should any documentation which the Manager requests and requires; not be provided by the Invest to the Manager. The Manager shall not be held liable f any and all claims, losses and/ damages whether indirect, special consequential and/ any expense of any nature whatsoever which the Invest may incur suffer as a result of the instruction not being process timeously by the Manager due to the afesaid. 12. The Invest undertakes to send the iginal documents as set out in the FICA and new business requirements document to infm the Manager when any contact details and other pertinent infmation has changed and to fward such infmation and necessary documents to the Manager within 14 (fourteen) days of such change occurring. In instances where the Invest has failed to timeously provide the afesaid details and documents to the Manager and should the Manager need to trace the Invest, any and all costs associated with tracing the Invest shall be f the account of the Invest. 13. In the event that the Invest provides instruction f the repurchase of participaty interest/s in a particular ptfolio, payment will only be made into the Invest's bank account. Payment will be effected within 14 (fourteen) days of the required documentation reaching the Manager. Where the participaty interests tendered f repurchase have been ceded, the written consent of the cessionary, alternatively, proof that the cession has been cancelled must be provided befe the repurchase can be processed. The Manager will under no circumstances make third-party payments. Furtherme, in the event of the Manager receiving conflicting repurchase instructions, the Manager reserves the right not to act on such instructions received and the Manager shall not be held liable f any and all claims, losses and/ damages whether indirect, special consequential and/ any expense of any nature whatsoever which the Invest may incur suffer as a result of the instruction not being process timeously by the Manager due to the afesaid. 14. Without prejudice to any other rights, which the Manager may have in terms hereof at law, the Invest agrees that the Manager shall be entitled to recover from the Invest any amount of money paid to the Invest, which the Invest is not entitled to f whatsoever reason, including interest thereon. 15. The Invest's domicilium citandi ex executandi f all notices and processes to be given in terms hereof, is the physical address detailed on this application fm as notified in writing to the Manager. 16. epurchase and income distribution payments are not transferable (will only be paid to the bank account in the name of the Invest) and can only be made electronically. 17. Any capital gain realised on the disposal of a participaty interest in a collective investment scheme is subject to capital gains tax (CGT). The Manager is obliged to rept on the weighted average cost method f CGT purposes. 18. Notwithstanding anything to the contrary contained in the application fm, the Manager reserves the right to amend any provision of the terms and conditions contained herein and/ amend any other provision as contained within the application fm upon reasonable written notice to the Invest of such amendment and/ cancellation. 19. Notwithstanding anything to the contrary contained in the application fm, where an Invest has made an investment via lump sum investment and elects to repurchase participaty interest/s in the Fund resulting in the Invest's value in such Fund after the repurchase to fall below , any repurchase instruction will result in the total balance being redeemed alternatively, the Invest may make an additional investment into the Fund by purchasing additional participaty interest/s to ensure that the minimum balance in the Fund exceeds met collective investments (F) (Pty) Ltd repurchase fm terms and conditions published: 7 july 2015 Page 7 of 8

8 20. All direct deposits and EFTs must clearly reference the U contract number to ensure that the deposit is matched to the crect contract. Where the Manager has been instructed to collect money from the bank account, bank accounts will be debited within 2 (two) wking days. The Manager is limited to a maximum amount of per collection. Money will only be invested once the Manager's requirements have been satisfied. Participaty interests bought with a direct debit can only be disinvested switched after 7 (seven) days. Electronic/internet transfers can take up to 2 (two) wking days to appear in the Manager's account. 21. The Invest confirms that neither the Manager n any of its employees have provided any advice on the suitability of this investment to the Invest's objectives and financial needs. 22. Cooling off rights are not applicable to investments in collective investment schemes. 23. Client statements are issued bi-annually when distributions are paid. Client statements are also available upon request from the Manager. 24. Tax certificates (IT3B and IT3C) are sent to clients annually after the tax year. 25. Complaints may be addressed to the Manager at the address provided on the application fm. 26. There may be actual potential conflicts that may exist between the interests of the Manager and invests, f example, associates of the Manager may be invested within certain ptfolios, and the details thereof are available from the Manager. 27. The Standard Bank of South Africa Limited is the Trustee of the MET Collective Investments Scheme, 20th Flo Main Tower, Standard Bank Centre, Adderley Street, Cape Town, Section 9: Declaration 1. I/We warrant that the infmation contained herein is true and crect and that where this fm is signed in a representative capacity, the necessary authity has been given and the transaction is within the mandate granted by the principal. 2. I/We have read and understood the content of this fm and agree to be bound by the terms. 3. I/We understand that this fm is read and understood; with the deed, terms and conditions, fund summary sheet, minimum disclosure document (MDD), FICA and new business requirements document and constitutes the entire agreement between MET Collective Investments (F) (Pty) Ltd and myself/ourselves. Authised signature of invest Date Full name(s) Surname Authised signature of parent/guardian/ controlling person Date Please insert the name of the representative f mins/persons without legal capacity. If signing on behalf of the invest please provide the name of the representative, proof of authity and suppting verifying documentation. Section 10: Market research (please indicate your reason f requesting the units to be repurchased) equired f personal use Dissatisfaction with the perfmance of the ptfolio Dissatisfaction with the service provided Other reasons (please specify) met collective investments (F) (Pty) Ltd repurchase fm terms and conditions published: 7 july 2015 Page 8 of 8