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Complex financial instruments

Further investment options for experienced investors

  • EQI EXPLAINS

    Fixed income investments explained

    Looking for a set rate of return? Think fixed income

  • EQI EXPLAINS

    Retail bonds explained

    A type of loan and are a way for retail companies to raise funds in exchange for a fixed rate of return

  • EQI EXPLAINS

    IPOs and new issues explained

    What is an IPO, how are they priced and how do you apply?

  • WHY EQI?

    Open IPOs and new issues

    View current open IPOs and new issues

Access specialised products and opportunities

Complex financial instruments are available to DIY investors but it is important to understand the features of each specialised product and their risk profile.

These products can have unusual features, for example, they can be subject to a different tax status, which means your dividends could incur additional tax. Or they may have an element of leverage, which means that potential profits or losses can be magnified. It is why all investors are now asked to complete an appropriateness assessment before investing in a complex instrument.

The appropriateness assessment is for your protection, as it is essential that the special risks and volatility that apply to these types of investments is understood. You only need complete it once, and will be directed to the form once you select the complex instrument you’d like to invest in.

Alternatively, you can complete a printed copy of the form using the link below, and then return it to us.

Appropriateness test

What complex instruments can I invest in with EQi?

  • Traditional Warrants

    Warrants give you the option (though not an obligation) to purchase shares at a fixed price for a specified period. The price of the warrant will vary depending on the price of the underlying investment, the exercise price and the time left to maturity. It is important to remember if warrants are not exercised at the expiry date, they may be worthless.

  • Structured Products

    Issued by a range of investment companies such as RBS, Barclays Capital and Société Générale, Listed Structured products use different financial instruments such as futures, options and swaps to create investments that provide you with a level of exposure to stock market gains coupled with guarantees to limit losses or to lock in gains as the market rises.

  • Covered Warrants

    Covered Warrants are issued by large financial institutions, such as Société Générale and Royal Bank of Scotland, and, like Traditional Warrants, give you the right to buy or sell existing shares at a fixed price by a certain date. 'Covered' relates to the requirement of the issuer to hold (or hedge) a sufficient amount of the underlying asset to cover the issue.

    Covered Warrants will automatically exercise at the expiry date, are traded on the stock exchange, and are settled through your account in the normal way.

Which account is right for you?

  • Dealing Account

    For individuals or a group of up to four people, access global investments with this flexible, unrestricted account

  • Flexible ISA

    Invest up to £20,000 per year, take advantage of tax-free investing, and access your money at any time

  • SIPP

    Enjoy more control and access to a wider range of investment options and benefit from attractive tax advantages

  • Lifetime ISA

    Available for those aged 18-39, you can invest up to £4,000 per year and the government will add a 25% bonus up to a maximum of £1,000