Initial Deposit
Interest: 3.90% Minimum initial deposit: P100,000. Terms: 30, 60, 90, 180, 360 days, 2. Unless you combine two different formulas from Math of Finance into a single expression. The single initial deposit of $1000 will compound for 20 years at 5% compounded annually. The final amount for this part of the deposit will be: V1 = 1000 x (1.05)^20.
On the Closing Date, the Depositor will use the net proceeds of the sale of the Notes and the Trust Certificates to make a capital contribution to the Issuing Entity, which the Issuing Entity shall use to cause the Initial Deposit Amount to be deposited into the Reserve Account.
The Depositary shall accept from the Underwriters, for the benefit of the Escrow Agent such Initial Deposit Amount.
The Initial Deposit Amount will be determined on or before the Issue Date in consultation with the Deposit Counterparty such that, based on the market conditions prevailing at that time, it would enable the Deposit Counterparty to repay the Term Deposit at an amount equal to the Deposit Redemption Amount (as defined hereafter) on the Deposit Scheduled Termination Date.
Initial Deposit means the initial deposit by the Depositor and the Administrative Agent of the aggregate sum of $1,000 into the Down Trust in connection with the formation thereof. Deposits are applied at the beginning of each month. If you want to make deposits at the end of each month, then please subtract the first deposit from the initial savings amount. For example, if you had $1,000 saved up and wanted to deposit $100 at the end of the month you would set your initial deposit to. The Deposit Interest Calculator allows you to compute the initial deposit, the interest rate, the maturity or the final amount including interest on the basis of your input information. The detailed table shows at a yearly basis the deposit at beginning of the year, interest, total interest and final amount including interest at end of the year.
Under the Deposit Agreement the Issuer will initially deposit, on the Business Day following the Issue Date, a proportion of the net issuance proceeds of the Notes corresponding to the Initial Deposit Amount (as defined hereafter) to the Deposit Counterparty.
Initial Deposit Calculator
Initial Deposit Escrow
The Q-R Interest Holder will determine the Q-REMIC Subordinate Principal Distribution Amount on each Distribution Date for the related Q-REMIC such that, on or prior to the termination of such Q-REMIC, the aggregate of the Q-REMIC Subordinate Principal Distribution Amounts for the related Q-REMIC will equal the excess of (i) the Initial Deposit Amount over (ii) the sum of the amount of all withdrawals permitted pursuant to Section 3.05(e).