Structured Deposits Clause Samples
The Structured Deposits clause defines the terms and conditions under which structured deposit products are offered and managed within an agreement. It typically outlines the nature of these deposits, which combine traditional deposit features with investment elements linked to the performance of underlying assets such as equities, indices, or currencies. For example, the clause may specify how returns are calculated, the risks involved, and any restrictions on withdrawal or early termination. Its core practical function is to ensure both parties understand the unique characteristics and risks of structured deposits, thereby promoting transparency and informed decision-making.
Structured Deposits. 6.1 The terms and conditions of each Structured Deposit shall be agreed prior to its commencement, either orally or in writing, and confirmed in an Applicable Agreement. You shall if required by us, execute and return such Applicable Agreement to us forthwith, and in any event, within such time period as may be specified by us.
6.2 Interest (if any) in respect of a Structured Deposit shall accrue and be paid in accordance with the terms and conditions set out in the Applicable Agreement. You acknowledge that payment of interest may be contingent on the performance of an Underlying as specified in the Applicable Agreement.
Structured Deposits. Unlike traditional Deposits, Structured Deposits have an investment element. The returns on such Structured Deposits are variable and not guaranteed, and are usually contingent on the performance of one or more relevant Underlying. Structured Deposits are also not insured deposits for the purposes of the Deposit Insurance and Policy Owners’ Protection Schemes Act. Structured Deposits cover a wide range of investment products and may include range deposits and such like products. Prior to entering into any Investment or Transaction involving Structured Deposits, you should read and understand all the relevant terms and conditions of, and the risks associated with, such Structured Deposits and ensure that such investments are suitable for you.