Cash Fund Term Sheet
I. Overview
This Term Sheet provides the fundamental terms and conditions for the investment in the cash fund managed by [Your Company Name]. The purpose of this document is to outline the intended investment strategies and objectives aimed to maximize returns on cash investments while ensuring liquidity and preserving capital.
The cash fund ("the Fund") managed by [Your Company Name] is designed to cater to short-term investments providing a safe environment for corporate, institutional, and individual investors. This document captures all essential terms and conditions influencing the operation and management of the Fund.
II. Fund Details
[Your Fund Name]
Fund Type: Open-ended
Objective: To provide liquidity and safety of principal with a minimal risk.
Investment Strategy: Investments primarily in high-credit-quality short-term debt instruments, including government and corporate bonds, treasury bills, and other money market instruments.
Target Return: Aims to exceed the 90-day Treasury Bill return.
Financial Year End: [Fiscal Year End Date]
III. Subscription Details
The details for subscribing to shares in the Fund are as follows:
Minimum Investment: [Minimum Investment Amount]
Additional Investments: [Additional Investment Amount]
Notice Period for Withdrawals: [Notice Period]
Subscription Fee: [Subscription Fee]
Redemption Fee: [Redemption Fee]
IV. Management
The Fund will be managed by a team of experienced portfolio managers from [Your Company Name]'s Asset Management Division. This experienced team is well-versed in modern risk management techniques and dedicated to achieving the objectives outlined in this Term Sheet.
Day-to-day operations and decision-making processes are structured to ensure compliance with regulatory requirements and alignment with the best interest of the investors. The management team operates under the umbrella of policies created for the optimal functioning and integrity of the Fund.
V. Fees and Expenses
The following are the detailed expected charges the investors will incur:
Management Fees: [Management Fees] (annually as a % of assets)
Performance Fee: [Performance Fees] (applicable if the return exceeds the predetermined benchmark)
Operational Expenses: [Operational Expenses] (covers administration, legal, audit, etc.)
VI. Governing Law
This Term Sheet and the investment operations of the Fund shall be governed by the laws of [Applicable Jurisdiction]. This includes any and all dispute resolutions, which shall be handled through arbitration in accordance with the laws of [Applicable Jurisdiction].
All parties agree to abide by local regulations and laws that apply to currency operations, financial instruments, and investment restrictions as permissible under the law of [Applicable Jurisdiction].
VII. Agreement
This Term Sheet serves as a preliminary document and does not constitute a legal offer or create any binding obligation until all parties sign a definitive agreement. Modifications or changes to this Term Sheet must be made in writing and agreed upon by all parties involved.
Signatories to this Term Sheet agree to move forward to draft and execute the definitive documents based on the principles and specifications aforementioned upon agreement on all points.
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