• 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.