European Brokerage · glossary
The Client Agreement’s name for the leveraged notes, the one complex product Thalvia offers. Their risks are harder to judge than a share’s, so a client must pass the appropriateness test before a first order in them. Clause 2, “Complex Instrument” · Chapter 4 · see Leveraged note, Appropriateness test
Explained in Chapter 4, Opening an Account: Execution-Only, Appropriateness and Advice, of European Brokerage.
The leveraged notes are not simple. The Client Agreement calls them “Complex Instruments” and defines them like this…Read Chapter 4, Opening an Account: Execution-Only, Appropriateness and Advice →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of European Brokerage and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
means a leveraged or inverse exchange-traded note that we offer: a debt security issued by a bank, which promises to pay a multiple of one day's rise or fall in an index;Read the definition in the document →
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