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Questionnaire to invest in bonds

Why do I have to complete a questionnaire?

If you want to trade complex bonds, you have to complete an appropriateness questionnaire. The appropriateness questionnaire is a Directive 2014/65/EU (MiFID II) requirement. You can access Directive 2014/65/EU (MiFID II) on this page

It aims to assess your knowledge and experience in the investment field relevant to the specific investment product to help us determine whether the product is appropriate for you.

Complex bonds have a structure where the risk or return profile is more difficult to understand. 

The following features of complex bonds make them different from non-complex (traditional bonds):

  • Higher credit or default risk on the issuer
  • The return may consist of several components – fixed or floating rate yields and capital gains or losses
  • The bonds won't necessarily mature at face value, so the repaid principal amount may deviate
  • The return may be affected by the developments within other asset classes, i.e. equities and commodities
  • Poorer liquidity than traditional bonds
  • Extraordinary terms, e.g. time of redemption and convertible elements