Glossary

Air Bag Level

A safety mechanism within Short and Leverage ETPs designed to slow the rate of loss from extreme intraday movements in the Underlying Asset.

Annual Charge

In the case of Exchange Traded Notes, an Annual Charge is calculated daily and deducted from the performance.

Annualised cost

The cost applied to a Short and Leverage ETP. The Annualised Cost consists of the Commission and the Collateral Cost. This Annualised Cost is pro-rated and applied to the product on a daily basis.

Ask price

The price you would pay to purchase an Exchange Traded Product in the secondary market.

version : 4.38.10-IWEB