Costs Over Time. One argument is, again, inspired by Hurd: To say that persons must take precautions against the known risks of others’ wrongdoing when they can easily do so is to say that it is wrong to go for a causal Sunday drive, for surely it is predictable that one will find oneself in the path of a negligent driver. It is to say that it is culpable to walk home at night, for one certainly knows that one is at risk of being mugged. […] If our liberty is justifiably limited by others’ foreseeable wrongdoing, then our liberty pro- portionately decreases as crime increases and as the ripple effects of others’ wrongdoing expand in reach (2016, p. 272).38 As illustrated here, the impact of the kind of duty I have motivated above, if applied to the real world, is immense. Even if one finds the reasoning behind the duty attractive when applied to 38 See Bublick (1999, p. 1445) for a similar worry regarding rape and compensation. If prospective rape victims would only be compensated if they took precautions against being raped, the aggregate cost of this requirement would be too high. One would never go out after dark, never walk alone, never drink alcohol among strangers, and so on. Dangerous Party considered as a one-off, isolated event, the worry is that if we are always required to minimize or reduce the risk of having to defensively harm aggressors, then the total cost would be too high. We could never take casual Sunday drives, walk alone in the evening, and so on. More precisely, it would require that we live (overall) miserable lives only to avoid defending against those who would harm us. That seems both counterintuitive and absurd. To respond, it is first important to highlight that the duty to avoid trouble should be understood as sensitive to the probability that a course of action will end in a threat situation. In reality, one seldom knows that one will encounter a threat. For instance, in most instances, there is only a risk (and perhaps not a great one in most cases) that walking home at night will end with an attempted mugging. This should also affect the stringency of the duty to avoid the potential trouble. The less likely, the less one can be required to sacrifice to further reduce the risk. Below a certain threshold of likelihood, it might not be required to incur even minimal sacrifices in order to completely minimise the risk of having to defensively harm an aggres- sor.39 Dangerous Party is special (partly) because Betty knows that her attendance will...
Costs Over Time. The person selling you or advising you about this product may charge you other costs. If so, this person will provide you with information about these costs, and show you the impact that all costs will have on your investment over time. Investment CAD$ 15,000 Scenarios. If you cash in at the end of the recommended holding period2 Total costs CAD$ 118.59 Impact on return (RIY) per year 3.21% Composition of costs The table below shows: ● the impact each year of the different types of costs on the performance of the product at the end of the recommended holding period; ● the meaning of the different cost categories. This table shows the impact on return per year One-off costs Entry costs 1.60% The impact of the costs you pay when entering your investment. Exit costs 1.60% The impact of the costs of exiting your investment when it matures. Ongoing costs Portfolio transaction costs N/A The impact of the costs of us buying and selling underlying investments for the product. Other ongoing costs 0.01% The impact of the costs that we take each year for managing your investments. How long should I hold it and can I take money out early? Recommended holding period: any period up to the Expiry Date There is no minimum holding period and you may exercise the product on any business day on or before the Expiry Date or, alternatively, disinvest (i.e. close-out your position) at any time during trading hours of the platform on or before the last trading day for the product as stated in the option contract, by selling the offsetting option (being the option offered by the Product Manufacturer which has identical terms save for being the version designated 'seller' rather than 'buyer'). For this reason there is no single recommended holding period, and instead it includes the range of periods up to the Expiry Date of the product. How can I complain? Any complaints about the product or the conduct of the Product Manufacturer or the person advising on, or selling, the product may be submitted by visiting the website xxx.x-x.xx/xxxxxxx_xxxxxxx_xx.xxx, by writing to Legal Affairs, Bourse de Montréal Inc., Tour de la Bourse, P.O. Box 61, 000 Xxxxxxxx Xxxxxx, Xxxxxxxx, Xxxxxx, X0X 0X0 or by emailing xxxxx@xxx.xxx. Other relevant information Further information relating to the terms of the product may be found at: xxxxx://xxx.x-x.xx/produits_taux_int_obx_en.php Information relating to the underlying may be found at: xxxxx://xxx.x-x.xx/produits_taux_int_bax_en.php
