Guaranteed Investment Certificate — Non-Registered
Peoples Trust Company, herein called the “Company”, acknowledges having received from the Investor the principal sum in trust for investment upon the following terms which have been accepted by the Investor.
The Company guarantees the repayment of the principal sum in Canadian funds to the Registered Investor on the maturity date. Interest will be paid in accordance with the terms noted and with the information recorded on the Company's Register not less than 5 days prior to the date on which payment is due.
The principal sum, with monies received from other investors, shall in the discretion of the Company be invested in or loaned upon such securities and investments as are permitted by applicable law and all interest received in excess of the rate shown will be retained by the Company as remuneration for its guarantee and its services.
Upon repayment by the Company of the principal sum with interest as noted, securities held with respect thereto shall become the property of the Company freed from the terms of this certificate without formal assignment or release from the Investor.
The certificate may only be transferred on the Register of the Company. Interest ceases to accrue upon maturity.
Unless otherwise specified on the face of this certificate, or authorized by the Trust Company this certificate is non-redeemable prior to maturity.
Peoples Guaranteed Investment Certificates are assignable or transferable with the consent of the Company.
There are no fees to purchase or maintain this investment.
If Investment instructions are not received by 2:00 p.m. on the date of maturity the principal and interest will automatically renew for the same term at the posted rate in effect on the maturity date. After the renewal you will have 10 business days to either cancel the transaction or change the term of your account.