RaboJet Cert - Series 5 - knockout

On the observation date 28 Nov 2007, the knockout condition was satisfied. So the issue was exited. All the daily returns will be returned to user. See here for daily returns.

Total number of scheduled trading days duinrg the life of the Certificates = 250
Number of scheduled trading days elasped since Launch Date 28 Aug 2007 = 60
Number of scheduled trading days elasped since Purchase Date 5 Sept 2007 = 56
Number of scheduled trading days to date when Lock In Amount Accumulated = 56
Lock in Amount acumulated to date ( per Board Lot of 1,000 Certificates = SGD $44.8 ( $0.8/day)
Profit = $44.8.0 - $43.43= $1.37

On 10 Dec, I was returned $1026.60 instead of $44.8 because of clearance fee by CDP.

So my actual return is
$1.37 - $26.60
= -$25.23

So in fact I made a loss.

Two reasons for the loss :
1. the brokerage fee when I made the purchase. ( which is zero if I bought it during pre-launch )
2. the clearance fee when exiting.

taking away the overhead, the return is quite attractive. however, with the front and back end fees, and also the small sum invested. It is not that rewarding.