Investment Facilities

Features of Our Investment Facilities

North State Finance Limited invites you to subscribe for Unlisted North State Finance Notes and/or North State Finance Unsecured Deposit Notes under Prospectus No.20 dated 23rd NOVEMBER 2010 and lodged with the Australian Securities and Investment Commission (ASIC).

The issue of Unlisted North State Finance Notes and North State Finance Unsecured Deposit Notes forms part of a program to provide funds for use in a range of finance facilities offered by the Company.

Applications can only be made on the Form accompanying the Prospectus lodged with the Australian Securities & Investment Commission (ASIC).

The Prospectus and Investment Application Form is available by:

  • i) direct from our offices
  • ii) contacting North State Finance Limited on our toll free number 1800 069 950
  • iii) or by down loading from the following web link shown below:

    • 'NSF' Prospectus which includes Investment Application Form

    (click on following link) PROSPECTUS?what is a prospectus?
    A prospectus is the standard disclosure document required by law to be issued by a public company offering securities for sale. Its purpose is to give investors a clear picture of what they are investing in. It includes information about the company, investment risks, types of investments, interest rates and terms of maturity being offered, and other terms. A prospectus must be lodged with, and approved by ASIC.hide

    (Adobe Acrobat Reader required to view PDF format, approx size 2.7MB )

    Disclosure Documents (click on following link) <disclosure documents page.

    TERM INVESTMENTS

    North State Finance offers Unlisted North State Finance Notes & North State Finance Unsecured Deposit Notes for a range of terms. Interest is calculated daily but can be paid monthly, quarterly, six monthly or at maturity.

    North State Finance's facilities include:

    • North State Finance Notes and
    • North State Finance Unsecured Deposit Notes

    Unlisted North State Finance Notes and North State Finance Unsecured Deposit Notes are general debt obligations of the issuer, North State Finance Limited. North State Finance uses North State Finance Notes and North State Finance Unsecured Deposit Notes to maintain and expand the Company's lending portfolio. North State Finance Notes and North State Finance Unsecured Deposit Notes are described on page 13 of the Prospectus.

    Repayment of North State Finance Notes and accrued interest on these North State Finance Notes is secured by a first ranking charge over the whole of the assets and undertakings of the Company. North State Finance Unsecured Deposit Notes issued under the Prospectus do not have the benefit of this charge and are subordinated to the other unsecured obligations of the company.

    Under the North State Finance Prospectus an At Call Account means a North State Finance Unsecured Deposit Note that is at call on 24 hours notice.?what are On Call Accounts?

    On Call (or At Call) Accounts are North State Finance Unsecured Deposit Notes which can be accessed at 24 hours notice.hide

    Interest begins to accrue on a daily basis from the date of lodgement of application money with the Company. Except in those cases where interest is payable in full upon maturity, interest will be payable by cheque or direct credit on the last days of March, June, September and December in each year as well as on the maturity date.

    Holders of North State Finance Notes or North State Finance Unsecured Deposit Notes may instruct the Company in writing to reinvest the interest paid at the end of each quarter.

    Repayment Prior To Maturity

    The Company will give consideration to any written request by an investor who through unforseen and exceptional circumstances or hardship wishes to withdraw the whole or part of an investment before maturity.

    In summary:

    You should consider the Prospectus in deciding whether to invest in the Company's Unlisted North State Finance Notes and North State Finance Unsecured Deposit Notes. Investments are not a bank deposit. Investors risk losing some or all of their principal investment. No credit rating has been obtained to independently access the risk of your investment. Further general information regarding investing in Unlisted Notes and fixed interest deposits can be found at the ASIC website: http://fido.gov.au or follow this link:
    Investor Guide.