This document summarizes investment strategies and products for credit unions in a low interest rate environment from BCP Asset Management. It discusses the benefits of diversifying into funds and indices to boost returns while maintaining capital security. BCP has partnered with Investec Bank and Carmignac to offer credit unions customized fixed income plans and split deposit products that blend income, growth, and downside protection. These products allocate assets across fixed income securities, high yield deposits, and absolute return funds to generate higher returns than deposits while fully guaranteeing the capital amount.
Capstone Global Finance Project Funding Program - facts, information & processchiron34
Under the innovative Capstone Global Finance Project Funding Program, Clients' projects are initially processed through a 'pre-funding approval program' to ensure that apart from compliance with cash liquidity or collateralisation requirements specified by our funding partners, the project is otherwise qualified for funding. Capstone then takes appropriate action to recruit a suitable joint venture partner for our client, who will provide the cash liquidity reserves as the overall project's demonstration as having 'skin in the game'.
The pre-approved project will then be processed for a relatively quick funding approval, thus permitting the Client to get on with the job with a minimum of delay. Projects accepted into the Capstone Global Finance Project Funding Program have a capital requirement between €10 Million euros ($USD 15 million dollars) and €150 Million euros ($USD 200 million dollars).
Capstone Global Finance Project Funding Program - facts, information & processchiron34
Under the innovative Capstone Global Finance Project Funding Program, Clients' projects are initially processed through a 'pre-funding approval program' to ensure that apart from compliance with cash liquidity or collateralisation requirements specified by our funding partners, the project is otherwise qualified for funding. Capstone then takes appropriate action to recruit a suitable joint venture partner for our client, who will provide the cash liquidity reserves as the overall project's demonstration as having 'skin in the game'.
The pre-approved project will then be processed for a relatively quick funding approval, thus permitting the Client to get on with the job with a minimum of delay. Projects accepted into the Capstone Global Finance Project Funding Program have a capital requirement between €10 Million euros ($USD 15 million dollars) and €150 Million euros ($USD 200 million dollars).
Portfolio Management (FINA2004) Project
Our team was given a total of $1 Million USD (virtual). Using Google Finance Portfolio application our objective was to invest the money over a six week time horizon with capital appreciation in mind.
As the Portfolio Manager and Team Leader I was responsible for developing various investment strategies throughout the period and as well as analyzing and managing the performance and risk of the portfolio.
The required rate of return for the period was 7% however, we managed to obtain a return greater than 100% due to not only the team's analyst forecasting model but also our swift asset rotation strategies implemented to take full advantage of sudden opportunities. Tech and Health firms were the main growers in the portfolio.
Rob Weaver's excellent research into Investment into the Private Rented Sector. On behalf of Invista Real Estate and presented at Inspired Asset Management's Inspired Event.
Why UK residential? £4 trillion asset class (the biggest by far) to start with ! Out performance, low volatility etc.
Better Credit Quality Fund Bouquet – A Good iciciprumf
Considering the current market volatility and attractive spreads that corporate bonds offer over the repo, we believe that the best strategy may be to invest in a portfolio with higher
exposure towards corporate bonds and money market instruments with low to moderate duration, which may provide better risk adjusted returns.
Trust Deed & Private Mortgage Investing by Brandon Thienesseo.presentation
The equity experts are specialized in hard money & trust deed investing. Get maximum opportunities for real estate investment & equity funding in New Mexico.
Energy Efficiency Investments In A Pension Fund Asset Allocation, Michael Fri...Alliance To Save Energy
On December 14, 2009, the Alliance to Save Energy and the Renewable Energy and Energy Efficiency Partnership (REEEP) held a side event at the COP15 climate conference in Copenhagen, Denmark, entitled, "Paradox to Paradigm: The Role of Energy Efficiency in Creating Low Carbon Economies."
Charity Reserves: the good, the bad and the uglyNICVA
A presentation from Gemma Woodward, Executive Director and Director of Responsible Investment at Quilter Cheviot on charity reserves. Presentation given at NICVA's Charity Finance Conference for Trustees.
Portfolio Management (FINA2004) Project
Our team was given a total of $1 Million USD (virtual). Using Google Finance Portfolio application our objective was to invest the money over a six week time horizon with capital appreciation in mind.
As the Portfolio Manager and Team Leader I was responsible for developing various investment strategies throughout the period and as well as analyzing and managing the performance and risk of the portfolio.
The required rate of return for the period was 7% however, we managed to obtain a return greater than 100% due to not only the team's analyst forecasting model but also our swift asset rotation strategies implemented to take full advantage of sudden opportunities. Tech and Health firms were the main growers in the portfolio.
Rob Weaver's excellent research into Investment into the Private Rented Sector. On behalf of Invista Real Estate and presented at Inspired Asset Management's Inspired Event.
Why UK residential? £4 trillion asset class (the biggest by far) to start with ! Out performance, low volatility etc.
Better Credit Quality Fund Bouquet – A Good iciciprumf
Considering the current market volatility and attractive spreads that corporate bonds offer over the repo, we believe that the best strategy may be to invest in a portfolio with higher
exposure towards corporate bonds and money market instruments with low to moderate duration, which may provide better risk adjusted returns.
Trust Deed & Private Mortgage Investing by Brandon Thienesseo.presentation
The equity experts are specialized in hard money & trust deed investing. Get maximum opportunities for real estate investment & equity funding in New Mexico.
Energy Efficiency Investments In A Pension Fund Asset Allocation, Michael Fri...Alliance To Save Energy
On December 14, 2009, the Alliance to Save Energy and the Renewable Energy and Energy Efficiency Partnership (REEEP) held a side event at the COP15 climate conference in Copenhagen, Denmark, entitled, "Paradox to Paradigm: The Role of Energy Efficiency in Creating Low Carbon Economies."
Charity Reserves: the good, the bad and the uglyNICVA
A presentation from Gemma Woodward, Executive Director and Director of Responsible Investment at Quilter Cheviot on charity reserves. Presentation given at NICVA's Charity Finance Conference for Trustees.
Investment Seminars - Where next for Credit Union Investments? April/May 2014 le chéile Group
Investment Seminars - Where next for Credit Union Investments? April/May 2014
Nationwide seminars with speakers Adrian Missen, BCP Asset Management and John McCormack, Head of Investments at le chéile Group.
Investment Seminars - Where next for Credit Union Investments? April/May 2014 le chéile Group
Investment Seminars - Where next for Credit Union Investments? April/May 2014
Nationwide seminars with speakers Adrian Missen, BCP Asset Management and John McCormack, Head of Investments at le chéile Group.
Slides that accompanied the Q3 2019 Quarterly Investment Briefing for West of England on 28th November. The event saw presentations from Paul Jones (British Business Bank), Simon Tutton & Fuschia Curry (Deepbridge Capital), Rosie Bennett (SETsquared) and Harry Destecroix (UnitDX/Carbometrics/Ziylo)
Slides 61-63 include information about those 26 companies that are actively raising investment in Q4 2019. Check out the disclaimer - these aren't recommendations, just information.
Income Fund - Secured High Yield Convertable Note Reach Markets
This Income Fund has been set up for a one-year period to provide expansion capital to two underlying assets both of which are asset rich and cash-flow positive, with strong asset coverage ratios.
With a fully underwritten return of up to 18% p.a paid monthly, this is an opportunity to take advantage of a high yield investment whilst interest rates are low and the worldwide economic picture remains hard to predict.
Income Fund Secured High Yield Convertible NoteCorey Hulls
This Income Fund has been set up for a one-year period to provide expansion capital to two underlying assets both of which are asset rich and cash-flow positive, with strong asset coverage ratios.
With a fully underwritten return of up to 18% p.a paid monthly, this is an opportunity to take advantage of a high yield investment whilst interest rates are low and the worldwide economic picture remains hard to predict.
Slides which accompanied the Q1 2019 Quarterly Investment Briefing on 6th March. The event saw presentations on Bristol Private Equity Club, the Regional Angel Investment Accelerator and University of Bristol Enterprise Fund. Slides 50 - 52 include information about those companies that have recently raised investment or are actively doing so in Q1 2019. Check out the disclaimer - these aren't recommendations, just information.
Retirement income strategies during volatile and uncertain marketsnetwealthInvest
Michael Elsworth, Executive Director at Lonsec, joins us to discuss retirement income strategies during volatile markets, including his investment philosophy, the benefits and risks of different retiree income strategies and the advantages of combining income streams during times of uncertainty.
Similar to Investment Seminar Presentation 25.02.14 (20)
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
2. le chéile Investment Strategy for credit unions
Backdrop:
• Falling Interest Rates
• Rising Costs
• Falling Lending
• Rising Provisioning
Careful Research/Screening of Products designed to be “Best in Class” in respect of:
• Investment Grade
• Capital Protection
• Diversified Counterparties
• Upside Participative Products
• Pure Income Products
4. Deliberate Product Blending – “Best in Class”
• le chéile strive to offer “The Solution”
• Low Returns – Time to adjust?
• Product Blending Income and Growth
5. Previous Product Offerings
Long Term 5Yr/5%
p.a. Soc. Gen.
Corporate Bond
Index
Medium Term Soc.
Gen. 3Yr/3.5%
Irish Govt. Bond
Index
Credit Union
5Yr/3.5% Income
Plan Investec
Long Term
Eurozone Inflation
Bond
6. Some New Funds/Product Components
Carmignac
Patrimoine Fund
Merrill Lynch
Multi Asset
Strategy Fund
S&P 500
Aristocrats
Dividend Fund
Investec Income
Plan V
3 Year - 2.5% p.a.
5 Year - 3.4% p.a.
8. 2
Investec Ireland: a brief history
13 Years in Ireland
Acquisition of Gandon
Capital Markets
GE Capital Woodchester
Bank in 2000
Commitment to Ireland
Addition of NCB to
Investec Group
240 Employees in Dublin
Investec
Harcourt Street, Dublin 2
Ireland’s Specialist Bank
Irish Expertise
International Strength
9. Investec: a distinctive Specialist Bank and Asset Manager
History
Strategy
Established in 1974
Today, an independent, specialist bank and asset
manager providing a diverse range of financial products
and services
Employs approximately 8,100 people
Listed on the JSE and LSE (a FTSE 250 company)
Total Assets of £47bn
Total Funds Under Management of £111bn
Client focused approach
Not “all things to all people”
Distinction: Nimble, innovative and high level of service
Culture
Flat and efficient management structure
Strong risk management and financial discipline
Entrepreneurial culture: material employee ownership
Corporate / Institutional / Government
Asset Management
Provides Investment Management Services
Private Client (High Net Worth)
Specialist Banking
Provides a broad range of services
Advisory
Lending
Treasury and trading
Provides investment management services
and independent financial planning advice
Transactional banking
Wealth & Investment
Investment activities
Source: Investec Group (consolidated) results as at 31 March 2013
11. 5
Investec: Credit Ratings & Guarantees
Fitch
Moody’s
Short-term
F3
Short-term
Prime-3
Long-term
Long-term
BBB-
Baa3
The Moody’s Financial Strength rating in relation to our peers: is equivalent to Royal Bank of Scotland, KBC Bank NV and
higher than any of the Irish Banks including BOI and KBC Ireland.
Financial Services Compensation Scheme, the UK government guarantees a maximum deposit of £85 000 (€100,000) per
individual per institution
The group holds £10.4 billion of cash and near cash balances [(£5.7 billion (R75.1 billion) in Investec Limited and £4.7 billion in
Investec plc], representing approximately 33% of its liability base
None of Investec’s banking subsidiaries have required shareholder or government support during the global financial crisis
Investec holds capital in excess of regulatory requirements. The group targets a minimum tier 1 capital ratio range of
between 11% to 12% and a total capital adequacy ratio range of 15% to 18% on a consolidated basis for Investec plc and
Investec Limited
12. 6
Credit Ratings – Points to note
Our rating reflects a strong score with respect to the “hard” financials - capital, liquidity, risk
management, transparency, asset quality and profitability
On the Moody’s scorecard we would map directly to an A3, a high score relative to our peers
On the “softer” issues such as franchise value, geographical diversification and market share,
Investec scores lower
Rating agencies have awarded rating notch uplifts to banks who have received government
support. Many of these banks have failed and yet are afforded high ratings
IBP has not required government support and the FCA has acknowledged its sound balance
sheet and stable operating fundamentals
The bank was approved to issue up to 3 year debt guaranteed by the UK Government.
Notwithstanding this, Investec has not been awarded the benefit of rating notch uplifts to its final
ratings.
14. Disclaimer
This document is issued in the UK by Investec Bank plc (“Investec”), which is authorised by the Prudential Regulation Authority and regulated by the
Financial Conduct Authority and the Prudential Regulation Authority. Whilst all reasonable care has been taken to ensure that the information stated
herein is accurate and opinions fair and reasonable, neither Investec nor any of its directors, officers or employees shall be held responsible in any way
for the contents of this document. This document is produced solely for your information and may not be copied, reproduced, further distributed to any
other person or published in whole or in part for any purpose without the prior written permission of Investec.
While the information in this document has been prepared in good faith, no representation or warranty, express or implied, is or will be made and no
responsibility or liability is or will be accepted by Investec or any of its subsidiaries or affiliates or by any of their respective officers, employees or
agents in relation to the accuracy, suitability or completeness of this document and any such liability is expressly disclaimed. Investec gives no
undertaking to provide the recipient with access to any additional information or to update this document or any additional information, or to correct any
inaccuracies in it which may become apparent.
This document does not take into account the specific investment objectives, financial circumstances or particular needs of any recipient and it should
not be regarded as a substitute for the exercise of the recipient’s own judgment. Investec does not offer investment advice or make any investment
recommendations. Recipients of this document should seek independent financial advice regarding the appropriateness or otherwise of investing in
any investment strategies discussed or recommended in this document and should understand that past performance is not a guide to future
performance and the value of any investments may fall as well as rise.
Investec in Ireland comprises Investec Ireland Limited and Investec Bank plc (Irish Branch) for regulated activities. Investec Ireland Limited is regulated
by the Central Bank of Ireland. Investec Bank plc (Irish Branch) is authorised and regulated by the UK Financial Services Authority and is a member of
the London Stock Exchange
The information contained herein does not purport to be comprehensive and is strictly for information purposes only. No party should treat any of the
contents herein as constituting advice. While all reasonable care has been given to the preparation of this information, no warranties or representation,
express or implied, are given or liability accepted by Investec or any of its directors or employees in relation to the accuracy, fairness or completeness
of the information contained herein.
15. le chéile – Investment Seminar
BCP Asset Management
‘Investing in a low interest rate environment’
John Calvert, CEO BCP
BCP Asset Management
15
16. Key Information on BCP
• Established in 1969
• One of Ireland’s largest Independently owned Product Producers
– Over €1.5bn in assets under management
– €340m new investments during 2012
– €345m new investments during 2013
• Key Investment Objectives:
– Provide access to a range of compelling funds
– But with the added benefit of downside protection
– Conservative investment bias
– Priority on product Innovation
BCP Asset Management
16
19. BCP - Sources of Business
• Calendar Years 2012 & 2013
Source of Business
Total Funds Invested
% of Total
Investment
€287m
42%
Pension/ARF
€236m
34%
Institutional
€162m
24%
Total
€685m
100%
BCP Asset Management
19
20. BCP Investment Process
Goldman Sachs,
S&P, Citigroup, JP
Morgan, Capital
Economics
BCP Product
Development
External
Research –
Bloomberg,
Reuters,
eVestment
Pricing Requested &
Terms Negotiated
Market
Analysis
Fund
Manager Due
Diligence
BCP
Investment
Committee
Product
Traded &
Launched
BCP/Bank
Compliance
Review
Feedback
BCP Asset Management
20
22. Trends in credit union market
• Capital security top priority
• Fixed Income top priority
• Low deposit rates encouraging greater product innovation
• Move towards active investment solutions (funds/indices)
• Customised Bonds – BCP can create tailored bonds at €2m+
BCP Asset Management
22
25. BCP Fixed Income Plan 5
• Partnership between Investec Bank and BCP
• Over 70 credit unions invested in range to date
• Security of Plan ranks equally with deposits
• Medium Term Note with 2 options:
– 3yr Plan paying 2.5% pa
– 5yr Plan paying 3.4% pa
• Credit risk exposure to Investec plus Basket of ‘A’ rated banks
– Commerzbank
– Societe Generale
— Credit Agricole
— Royal Bank of Scotland
• Classified as Category 3 in Guidance Notes
BCP Asset Management
25
26. BCP Fixed Income Plan 5
• Partnership between Investec Bank and BCP
• Over 70 credit unions invested in range to date
• Security of Plan ranks equally with deposits
• Medium Term Note with 2 options:
– 3yr Plan paying 2.5% pa
– 5yr Plan paying 3.4% pa
• Credit risk exposure to Investec plus Basket of ‘A’ rated banks
– Commerzbank
– Societe Generale
— Credit Agricole
— Royal Bank of Scotland
• Classified as Category 3 in Guidance Notes
BCP Asset Management
26
27. BCP Fixed Income Plan – Issue 5
3 Years
Yield (p.a.)
Closing date
Category
5 Years
2.5%
12th March 2014
3
3.4%
12th March 2014
3
BCP Asset Management
27
28. BCP Credit Union Split Deposit
Absolute Return Bond 3
BCP Asset Management
28
29. BCP Credit Union Split Deposit
Absolute Return Bond 3
• Innovative Capital Secure solution combining Income, Growth
and Protection
• 25% invested in a 3 year high yield deposit account
– Paying 3.75% AER deposit interest over 3 years
• 75% invested in a 5 year 3 month Absolute Return Bond
– 80% participation in the fund performance
• 100% Capital Security provided by Investec Bank plc
• Classified as Category 2 in Guidance Notes
BCP Asset Management
29
30. BCP Credit Union Split Deposit
Absolute Return Bond 3
• 100% Capital Security provided by Investec Bank plc
• Bond tracks the performance of the Carmignac ‘Patrimoine’
Fund
• Patrimoine invests in Equities, Bonds and Currencies
• Patrimoine has €27bn in assets and a 24 year track record
• Patrimoine has returned over 8.7% per annum since its launch
in 1989
• Transparent and robust investment process – regular
performance and holdings updates
BCP Asset Management
30
31. BCP Credit Union Split Deposit
Absolute Return Bond 3
BCP Asset Management
31
32. Carmignac Patrimoine Fund - Performance
• Fund has returned 640% (8.7% CAR) since launch
As at 31st December
2013
Fund
Performance
10 years
5 years
36%
Best 5 year Return
130%
Worst 5 year Return
16%
Avg 5 year Return
BCP Asset Management
95%
55%
32
33. Compliance Disclaimer
THIS DOCUMENT IS FOR INSTITUTIONAL AND PROFESSIONAL CLIENTS ONLY. It is not to be viewed by or used with retail clients.
This presentation is for information purposes only and does not constitute an offer or commitment, a solicitation of an offer or commitment, or
any advice or recommendation, to conclude any transaction (whether on the indicative term sheet or otherwise). This material does not purport
to contain all of the information that an interested party may desire. Before entering into any transaction, you should ensure that you fully
understand the potential risks and rewards of the transaction and that you independently determine that the transaction is appropriate for you
given your objectives, experience, financial and operational resources, and any relevant circumstances. You should consider consulting with
such advisers as you deem necessary to assist you in making your determinations. We are acting solely as an arm’s length commercial
counterparty and not as your financial adviser or fiduciary in any transaction, unless you have otherwise agreed to do so in writing with us.
All materials herein are for discussion purposes only and are not intended to set forth the definitive terms of any transaction. The terms of the
proposed transaction described herein are consequently subject to change without notice. This Term Sheet contains an indicative summary of,
and is subject to, the fully legally binding terms and conditions of the Notes, which are set out more fully in the Final Terms dated on or around
the issue date of the Notes and the Impala Prospectus, as supplemented from time to time. A copy of the executed Final Terms and the Impala
Prospectus are available upon request. This communication is furnished at the request of the recipient for the exclusive purpose of identifying
the security or other instrument referred to herein. It is furnished for your private information with the express understanding, which the recipient
acknowledges, that it does not constitute an offer to sell or solicitation to purchase any securities and neither Investec Bank plc nor any of its
affiliates are soliciting any action based on it. Certain transactions may give rise to substantial risks and are not suitable for all investors. You
are advised to make an independent review and reach your own conclusions regarding the legal, tax and accounting treatment regarding the
purchase of the securities set out herein as it relates to your asset, liability or other risk management objectives and risk tolerance. Nothing in
this document constitutes investment, legal, tax or accounting advice. This transaction does not constitute the execution of an order on your
behalf as defined by any legislation, regulation and/or rule implementing the Markets in Financial Instruments Directive (2004/39/EC) (MiFID).
This document and its contents are proprietary information and are strictly private and confidential.
Investec Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential
Regulation Authority. Investec Bank plc (Irish Branch) is regulated by the Central Bank of Ireland for conduct of business rules.
BCP Asset Management is regulated by the Central Bank of Ireland.
BCP Asset Management
33
34. Compliance Disclaimer
Please refer to the Brochure and Key Features for full details. With regard to the BCP Capital
Secure Bonds investors may not encash prior to the maturity dates. AER is Annual Equivalent Rate
and CAR is Compound Annual Return. Under current legislation, interest on Capital Secure Bonds
will be paid after deduction of DIRT, where applicable, currently 41%.
WARNING: BCP Credit Union Split Deposit Absolute Return Bond 3; If you invest in the Credit
Union Split Deposit Absolute Return Bond 3 you will not have any access to 25% of your money for
3 years and 75% of your money for 5 years 3 months. The value of your investment may go down as
well as up. Past performance is not a reliable guide to future performance.
WARNING: BCP FIXED INCOME PLAN 5; If you invest in the Fixed Income Plan 5 you will not have
any access to your money for 3 or 5 years.
BCP Asset Management
34