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	Secured Term

	Capital Drawdown

	Call Accounts

A UDC Secured Term Investment is a straightforward, fully secured investment offering a choice of terms and interest frequencies to suit your needs. You have the choice of receiving regular interest payments direct credited to your bank account, or growing your investment by compounding your interest. The interest rate is fixed for the term of your investment - even if market rates fall.

PRODUCT FEATURES AND BENEFITS

Minimum investment

$5,000

Interest rate

Fixed for the term of the investment

Investment terms

Choose between 1 month and 5 years

Interest frequency

Less than 1 year term: interest paid at maturity.

1 � 5 year terms: choose between monthly, quarterly, annually or deferred until maturity.

Interest payments

Quarterly and annual interest may be compounded or direct credited to a bank account. Monthly interest is paid only by direct credit to a bank account.

Interest Payment Dates

Monthly interest will be paid on the first working day of the following month.

Quarterly interest will be paid on the last day of March, June, September and December.

Annual interest will be paid on the day before your investment anniversary date.

On maturity interest will be paid on the day before your maturity date.

All interest payments are made by direct credit to your nominated bank account. If the payment date falls on a non-working day, the payment will be made on the next working day.

Maturity Options

You may choose either to receive notification prior to the maturity of your investment, or to have your investment automatically renewed at maturity for the same term at the applicable rate of interest for the new term.

If you have not advised us of your preferred option by the maturity date, we will without notice apply the On Demand Rate to your investment balance from that date. If we do not receive your advice within one month following the maturity date, we will reinvest your investment balance (including accrued interest) on your behalf in a new Secured Term Investment. The new Secured Term Investment will have the closest available term with the same interest payment option as your matured Secured Term Investment, at the interest rate applicable on the reinvestment date.

Fees

There are no fees on Secured Term Investments, but an interest adjustment will apply where an investment is partially of fully withdrawn prior to maturity.

Withholding tax

Interest earned is taxable. Tax is deducted before interest is paid or compounded.

Identification

Please refer to the Terms & Conditions section for identification requirements.

Security

Your Secured Term Investment is fully secured by UDC First Ranking Debenture Stock.

  UDC Secured Term Investments have a two-tier structure and fixed for the investment term.

   / Tier 1 $5,000 to $99,999
   / Tier 2 $100,000 and over

  Where investments totalling $100,000 or more are held with UDC, the second tier rates   will apply to all new investments and future renewals.

On Demand Rate

On Demand Rate is the daily interest rate applied to an investment balance in certain situations referred to in this Prospectus, in particular, where an investment balance falls below the minimum required balance and/or where we have not received instructions prior to maturity of a Secured Term Investment. The On Demand Rate is lower than the call interest rate provided to Telephone Call Investors, and details of our On Demand Rate from time to time are available by contacting us on 0800 652 832.

Quoted rates may be available for amounts and/or UDC portfolios over $100,000. These are subject to daily market conditions and can be obtained by contracting UDC Investor Services, your local ANZ branch or your financial adviser.

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Investment Statement (PDF, 46kb)
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