| ||Clarification: 0.8% p.a. discount to AWB Harvest Finance options || ||
Growers who take out an AWB Harvest Pool commitment tonnage contract before 5pm AEST on 24 November, 2014 and select an AWB Flexible or Harvest Loan payment option are eligible for a 0.8% p.a. reduction to the AWB Indicative Interest Rate.
The current Indicative Interest Rate of 5.00% pa (as at 03/11/2014) is variable and subject to change across the life of the pool. A 0.8% reduction applied equates to 4.2%pa Indicative Interest rate.
In the week beginning 3 November, 2014, AWB advertised in Western Australia and South Australia incorrectly that this rate was available on the AWB Advance Payment option. The discounted rate is unable to be applied to the Advanced Payment Option as this option is not based on a percentage interest rate.
AWB apologises for any inconvenience.
Please contact AWB on 1800 447 246 to clarify any details.