Funding costs. The issue price of a CBBC includes funding costs. Funding costs are gradually reduced over time as the CBBC moves towards expiry. The longer the duration of the CBBC, the higher the total funding costs. In the event that a CBBC is called, investors will lose the funding costs for the entire lifespan of the CBBC. The formula for calculating the funding costs are stated in the listing documents. Some Risks associated with Exchange Traded Funds (“ETFs”)
Appears in 1 contract
Samples: Client Agreement
Funding costs. 2.1 The issue price of a CBBC includes funding costs. Funding costs are gradually reduced over time as the CBBC moves towards expiry. The longer the duration of the CBBC, the higher the total funding costs. In the event that a CBBC is called, investors will lose the funding costs for the entire lifespan of the CBBC. The formula for calculating the funding costs are stated in the listing documents. Some Risks associated with Exchange Traded Funds (“ETFs”).
Appears in 1 contract
Samples: Client Services Agreement
Funding costs. The issue price of a CBBC includes funding costs. Funding costs are gradually reduced over time as the CBBC moves towards expiry. The longer the duration of the CBBC, the higher the total funding costs. In the event that a CBBC is called, investors you will lose the funding costs for the entire lifespan of the CBBC. The formula for calculating the funding costs are stated in the listing documents. Some Risks associated with Exchange Traded Funds (“ETFs”).
Appears in 1 contract
Samples: Client Master Agreement
Funding costs. The issue price of a CBBC includes funding costs. Funding costs are gradually reduced over time as the CBBC moves towards expiry. The longer the duration of the CBBC, the higher the total funding costs. In the event that a CBBC is called, investors will lose the funding costs for the entire lifespan of the CBBC. The formula for calculating the funding costs are stated in the listing documents. Some Risks associated with Exchange Traded Funds SPECIFIC RISK OF TRADING EXCHANGE TRADED FUNDS (“ETFs”)
Appears in 1 contract
Samples: Client Agreement