Frequently Asked Questions
Security accounts held at IB may be able to trade the following: Stocks, Bonds, Options, Futures, Futures Options, Mutual Funds, Cash Forex and Complex and Leverage Structured Products.
Custody accounts held at the Bank of New York, London Branch may be able to trade the following: DTC and Euroclear eligible securities (stocks and bonds).
The investment objective varies across the different Notes and is determined by the Portfolio Manager.
Please reference the Investment Objective section of each Series page for more information, along with the section relating to the Portfolio Manager.
The Notes trade via Euroclear and Clearstream in a versus payment transaction, with a standard settlement cycle of T+2.
Please reference the trading process diagram in the ‘About’ section.
These Notes are not principal protected and are a high-risk investment in the form of a debt instrument. The Noteholders are neither assured of repayment of the capital invested nor are they assured of payment of a stated rate of interest or of any interest at all. The Notes give Noteholders exposure to certain securities and other financial assets that the Issuer may invest in acting through the Portfolio Manager.
Should the Charged Assets decrease in value, Noteholders will incur a partial or total loss of their investment. Even if the Charged Assets increase in value, Noteholders may incur a partial or total loss of their investment to the extent that the appreciation of the Charged Assets is not sufficient to account for fees, costs and expenses of the Issuer.
The investment objective carried out by the Portfolio Manager may have restrictions set out in the Portfolio Manager Agreement between the Issuer and the Portfolio Manager.
Please reference the investment objective and investment restrictions sections in the Series specific page for more details for any particular series.
The Notes will pay a coupon as set out in the appropriate section under the Conditions of the Notes.
Noteholders are not assured of payment of a stated rate of interest or of any interest at all.
Program Participant Roles