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Target Market Determination
About this Document | |
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Start date: | 05 October 2021 |
Version: | 1.0 |
Review Frequency | Annually. |
Product: | Instarem Pay In Service |
Issuer and Distributor of the Product: | NIUM Pty Ltd (ABN 45 601 384 025 & AFSL: 464627) |
Product | |
This TMD applies to the Non Cash Payment Facility and Foreign Exchange Contract (“Instarem Pay In Service”) | |
Class of Retail Consumers that comprise the Target Market | |
Class of Customers | Likely Objectives, Financial Situation and Needs of Customers in |
| The Instarem Pay In Service is designed for the following retail customers who have satisfied the following criteria
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Product Description and Key attributes | |
Instarem’s Pay In Service a non cash payment product that allows retail customers to:
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Distribution conditions | |
Marketing and Promotion Nium market and promote the Instarem Pay In Service:
| Conditions and Restrictions on Distributions The Instarem Pay In Service should only be
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Review Triggers
Routine reviews of this TMD will be conducted annually and by 5 October of each year thereafter. In the event of significant or material issues the TMD may no longer be considered appropriate and a review of the TMD will be undertaken by NIUM. The review triggers will include but not limited to:
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