Philosophy

The Program represents the client’s commitment to the issue of capital-protected products by Banque Safdié. All the Program’s deposits will be similar in nature, i.e. one-year deposits with a minimum of 60% participation on the upside and no currency risk. Clients may enter and leave the Program at any point (although once the investment is made, they must await the redemption date). On redemption, assets are repaid to the client, after which the new deposit starts automatically.

General Considerations

The Capital-protected Products Program has been specifically designed to provide conservative clients with an opportunity to take part, over time, in the performances of various financial assets, while respecting at all times their wish for downside capital protection.

The client’s nominal participation amount is invested in the Program’s successive deposits, in previously agreed increments and for amounts agreed during the year.

Requirements

• Minimum amount per client: US dollars 25’000 per deposit, i.e. US dollars 100’000 in total over one year.
• Signature of the Program’s specific mandate (so that the agreed amounts may be debited automatically from the client’s account(s)).

An opportunity to achieve higher performance than current deposit yields while maintaining 100% capital protection.

How the Program works

The Program is structured as a client’s commitment to subscribe, at the time of their launch, to fiduciary deposits linked to an underlying instrument. Given that in general, investment opportunities are closely dependent on the time of purchase, clients will be given the opportunity, through the Program, to participate in all capital-protected products that the Bank proposes to issue.

On some past occasions, the Bank has not been able to launch such products because clients could not be reached in time for the necessary information on the proposed investment to be given, or because the client funds required were not available in time to participate in the product.

The Program will enable clients to participate over a whole year – on average once a quarter, according to our estimates – in investment proposals which will be considered as accepted in advance for a minimum nominal amount, and with an option to increase the contribution at each issue.

In our view, this will enable ongoing client participation, but will also allow subscribers the opportunity to select, according to their own investment opinions, those issues in which they would wish to increase their stakes. Given the short time frame of each investment opportunity, it should be understood that clients may only have a few days in which to advise the Bank of their wish to increase their participation.