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-guaranteed 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.
