Starting October 3, the duration of the Guaranteed Interest Funds (GIF) rate guarantee agreement will be reduced from 60 to 45 days following the date of signature.
Important update
The rate guarantee agreement form F50-238A has been completely revised to:
- facilitate the processing of requests
- ensure consistency across all our forms
- clarify the agreement’s specifications
Please note that as of October 3, only this new version will be accepted. Requests received before this date may still be processed using the old form and the 60-day term, if applicable.
Key information to remember:
- Irrevocable agreement for 45 days
The rate in effect on the date of signature must apply to the indicated amount, even if a higher rate is offered during those 45 days. - Maximum eligible amount
The agreement is available only to policyholders whose assets in GIF are under $1M. - Only one agreement at a time
If a second agreement is submitted for the same client within the 45-day period, it will only be honoured once the deposit from the first agreement is completed or the 45 days have passed. - In case of reinvestment
The agreement must be received at least one business day before maturity, otherwise it may be cancelled.
Need to secure a rate for your client?
Fill out the newly improved F50-238A form.
