Security Investments – Bank Bills PID - Commonwealth Bank

What you need to knoW Security Investments – Bank Bills Product Information Document* Issue date: 14 September 2010 Issued by: Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 You should read all sections of this Product Information Document before making a decision to acquire this financial product. As the information in this document has been prepared without considering your objectives, financial situation or needs, you should, before acting on the information, consider its appropriateness to your circumstances. * Please note that this product is not regulated under the Corporations Act 2001. General InformatIon 2 features at a glance 2 Purpose of a Product Information Document (PID) 3 What are Security Investments – Bank Bills? 3 What is

a prime bank? 4 Who are Bank Bills suitable for? 4 How are interest rates determined? 4 How does a Bank Bill work? 4 repurchasing a Bank Bill 5 What are the significant benefits of a Bank Bill? 6 What are the significant disadvantages of a Bank Bill? 6 What are the significant risks? 7 How do I invest in a Bank Bill? 7 How do I set up an account operating authority? 7 Severance 8 What are the costs involved in a Bank Bill? 8 are there any tax implications I should be aware of? 8 What if I have a complaint? 8 Customer information and privacy 9 DefInItIonS 11 aPPenDIX a – fees and Government taxes 12 1 Contents features at a glance Significant benefits Security of a fixed interest rate. Significant risks You may receive back less than your purchase price if you request the Bank to repurchase your investment. You may be exposed to another bank’s credit risk if your Bank Bill is not accepted or endorsed by the Commonwealth Bank of australia. Minimum investment amount $100,000.00. Terms available from 1 day to 185 days. Interest rates Current interest rates are available on request from your relationship manager or any branch of the Bank. Payment of earnings at maturity. Fees and charges no Bank fees or charges are applicable. for further information see appendix a. Withdrawals in advance of maturity at the discretion of the Bank. may be repurchased partially or in full, subject to certain conditions. Repurchase price a repurchase price will be calculated by reference to the repurchase amount, the remaining term of the investment and the repurchase rate. 2 General InformatIon General Information the information in this Product Information Document (PID) is subject to change from time to time and is up to date as at the date stated on the cover. Where the new information is materially adverse information, the Bank will either issue a new PID or a supplementary PID setting out the updated information. Where the new information is not materially adverse information, we will not issue a new PID or supplementary PID to you, but you will be able to find the updated information on our web site commbank.com.au or you can call 13 2221. If you ask us to, we will send you a paper copy of the information. 3 Purpose of a Product Information Document (PID)* a...

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