Details
ETI Description
The Nexatrade ETI is an Exchange Traded Instrument in the form of an Actively Managed Certificate allowing for participation in the performance of the underlying Segregated Portfolio of a wholly owned subsidiary of the issuer, which is calculated net of relevant costs and fees as further described below. The underlying Segregated Portfolio tracks the performance of a Reference Portfolio created by a Reference Portfolio Advisor.
General Information about the Reference Portfolio:
The Reference Portfolio is a notionally actively managed Reference Portfolio denominated in EUR. The portfolio composition is created and maintained by the Reference Portfolio Advisor, PSS Capital FZCO. The Reference Portfolio aims to replicate the performance of:
Long and/or short positions in futures Long and/or short positions in CFDs (Contract for Differences) Long and/or short positions in FOREX/currencies
that are included in the iMaps Investment Universe, which consists of all financial instruments available through Interactive Brokers, traded under their standard business terms. For the avoidance of doubt, up to 100% of the Reference Portfolio can comprise cash positions.
The Reference Portfolio Advisor will create the Reference Portfolio by selecting initial Reference Portfolio Components on the Issue Date with an initial level of 1000 EUR (the "Initial Reference Portfolio Level"). The initial Reference Portfolio Constituents are 100% cash held in EUR. The Reference Portfolio Advisor is responsible for adjusting the composition of the Reference Portfolio (any such adjustment a "Rebalancing") from time to time, which can, for the avoidance of doubt, be executed on an intraday basis. Certain limitations apply to the composition of the Reference Portfolio from time to time.
The level of the Reference Portfolio, as determined by the Calculation Agent in accordance with the Conditions of the Securities (the "Reference Portfolio Level"), is calculated in the Base Currency net of certain fees and costs associated with the creation, maintenance, and management of the underlying Reference Portfolio.
Reference Portfolio Components:
The Reference Portfolio, whose composition may vary from time to time, is actively managed by the Reference Portfolio Advisor and represents a notional investment in the Reference Portfolio Components. The Reference Portfolio Advisor is entitled to select any securities, assets, exposures, or contracts that are part of the iMaps Investment Universe described above for inclusion in the Reference Portfolio (with such securities, assets, exposures, or contracts becoming "Reference Portfolio Constituents" after inclusion in the Reference Portfolio). The Issuer has the right to reject the inclusion of any Eligible Constituent in its sole discretion. In the case of any rebalancing, the inclusion price of the eligible assets will take into account the trading and execution costs charged by the broker from which the asset is selected within the investment universe. Any dividends paid by eligible assets comprised within the Reference Portfolio shall be added to the cash position of the Reference Portfolio, minus any applicable withholding tax.
Investment Restrictions:
Reference Portfolio Constituents may be selected by the Reference Portfolio Advisor for notional purchase or, as the case may be, sale or unwind in accordance with the following investment restrictions (the "Investment Restrictions"). For the avoidance of doubt, the responsibility and legal duty to ensure that the Reference Portfolio complies with the Investment Restrictions is solely with the Reference Portfolio Advisor.
Portfolio Investment Restrictions:
The sum of the Exposures of all Reference Portfolio Constituents excluding FOREX, CFD, and Derivative Constituents is capped at a maximum of 300% (the "Leverage Threshold") at all times during the lifetime of the Securities. The Reference Portfolio Advisor can achieve additional leverage by adding derivative contracts to the Reference Portfolio, whereas the leverage is restricted by the margin applicable by the broker. The Weight of the sum of the Cash Position, less any margin for derivative contracts, shall at all times be greater than -200% (the “Restriction on Borrowing”).
Whenever the Reference Portfolio contains less than 50% cash, the Reference Portfolio shall be diversified into at least four assets. The composition of the Reference Portfolio (including the respective Weights) is published on a monthly basis on the website of the Issuer.
Rebalancings of the Reference Portfolio:
A Rebalancing may be initiated by the Reference Portfolio Advisor at any time, including intraday rebalancings, following the Issue Date effective immediately, provided that the Reference Portfolio Advisor shall not initiate a Rebalancing if the main market the asset is trading at is closed at such Rebalancing time or a Market Disruption Event would occur or be subsisting in respect of any Reference Portfolio Constituent being the subject of such Rebalancing. In case any Rebalancing leads to a breach of the investment restrictions, the Issuer is authorized, but for the avoidance of doubt, not obliged to change the composition of the Portfolio at its discretion to remedy such a breach.
Supporting Documentation
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Terms of Use
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Authorised users
The information included on the following webpages is exclusively addressed to persons who are residents of the Republic of Ireland, Republic of Italy, Federal Republic of Germany, Republic of Austria, Grand-Duchy of Luxembourg and Principality of Liechtenstein and must not be distributed to persons or accessed by persons outside this country.
The user agrees to discontinue use of these webpages if, now or in the future, he or she ceases to be located in the above mentioned country.
In relation to the offering of the products described on this website, see also paragraph “Selling restrictions” below.
No offer, no solicitation to purchase, subscribe or sell
These webpages serve solely to give the user access to information that iMaps Capital Markets SEZC (referred to collectively with affiliates as “iMaps-Capital”) has decided to make publicly available, and do not constitute and are not to be construed as, a solicitation or offer by iMaps-Capital, to purchase, subscribe for or sell securities. Investors are not able to purchase, subscribe or sell the securities described on these webpages directly from iMaps-Capital, but through their own bank/intermediary only.
No contract to provide information; no advice; hotline; complaints
The use of these webpages shall not create a contractual relationship with iMaps-Capital extending beyond these Terms and Conditions of Use. In particular, the information presented on these webpages shall not be deemed to be an offer by iMaps-Capital to enter into an advisory agreement or any other contract to provide information either on a gratuitous or non-gratuitous basis. In light of this, the user’s visit to these webpages or retrieval of information contained therein shall not bring about a contract between iMaps-Capital and the user to provide information.
Neither the information on these webpages nor information which users receive through the hotline shall constitute any investment, tax or other advisory service. Such information does not take into account the user’s specific situation as regards, inter alia, his or her knowledge of the relevant securities, investment targets and risk appetite, financial situation as well as his or her tax and accounting position. Such information does not replace the advice by your bank/intermediary or any other tax or financial adviser, which is essential in each individual case prior to taking any purchasing, subscribing or selling decision.
Users should direct any objections or complaints relating to these webpages in writing to the following address:
iMaps Capital Markets SEZC
90 North Church Road
Grand Cayman
KY1-1003
Cayman
Islands.
No financial analysis
Information provided on the webpages does not constitute financial analysis and also does not satisfy the statutory requirements for ensuring the unbiased nature of financial analysis; nor is such information subject to a ban on trading prior to the publication of financial analyses.
Risks
The purchase/subscription of securities is associated with financial risks. Given unfavourable conditions, such risks may materialise and lead to a total loss of the invested capital. Potential investors should carefully read the base prospectus, the relevant final terms and any supplements to the base prospectus in order to understand the risks associated with an investment in the securities. Potential investors should consult their own bank/intermediary or any other tax or financial adviser prior to taking any purchasing, subscribing or selling decision.
Price information
The price information contained in these webpages originates either from third-party sources such as financial information service providers or has been calculated by iMaps-Capital itself and should not be relied upon to predict future values or prices.
In some cases, current prices of securities or underlyings may be shown with a time delay. Users can find additional price information, in particular information pertaining to the past price performance of the underlying, at the place referred to in the prospectus for the relevant security. Historical price performance is not a reliable indicator of future price performance of the underlying or the securities. It should be noted that iMaps-Capital provides no warranty for the accuracy of the price information and that price information shall be subject to correction at any time (see also with respect to the exclusion of warranty in paragraph “No warranty for content” below). Potential investors should consult their own bank/intermediary or any other tax or financial adviser prior to taking any purchasing, subscribing or selling decision.
Information on returns
On these webpages, all information concerning returns, such as bonus or maximum returns, refers to gross returns which do not factor in costs that will be incurred and, unless expressly indicated otherwise, in taxes to be paid by the relevant investor. Investors will, in fact, incur costs and taxes which diminish returns. These include, for example, securities account costs or transaction costs. The extent of the impact of any such costs and tax on the net return depends on the amount of the investment and the costs and tax actually incurred by the relevant investor. Potential investors should consult their own bank/intermediary and/or any other tax or financial adviser prior to taking any purchasing, subscribing or selling decision.
Key Information Document
If required by applicable laws or if iMaps-Capital decides to make available without the obligation to do so, Key Information Documents (KIDs) can be retrieved on these webpages on the relevant product detail site under the “Documents” section.
To the extent the user retrieves a KID, iMaps-Capital shall be entitled – but not required – to store user data (in particular the IP address, provider and the referrer URL), the time of access and the contents of the KID transmitted to the user. Such storage serves to satisfy regulatory requirements, and the stored data may also be used in the context of legal disputes between the user or other investors and iMaps-Capital. The data privacy policy also refers to this data.
Prospectus
Users considering the purchase/subscription of securities described on these webpages should carefully read the base prospectus, which, in addition to the final terms and any supplements to the base prospectus, is published on these webpages (see the “Prospectuses” heading and the relevant product detail site) and which is obtainable free of charge from the issuer, iMaps ETI AG, Im alten Riet 102, 9494 Schaan, Principality of Liechtenstein.
Conflicts of interest
It should be noted that, from time to time, iMaps-Capital purchases or sells securities, commodities, futures and options for hedging and other purposes, or holds positions (long or short) in these which are identical to or connected with such securities. This may possibly have an adverse impact on the value of the securities. In addition, iMaps-Capital may be the calculation agent or sponsor of underlyings and, as such, may make determinations which adversely affect the value of the securities.
Commission payments by iMaps-Capital
iMaps-Capital may pay commissions to distribution partners in connection with the distribution of any securities. Such commission payments will reduce the return the investor is able to achieve. If commissions are paid, you will find information pertaining to the amount of these commission payments in the relevant final terms.
Selling restrictions
The products described on these webpages are not permitted to be offered for sale in all countries and are in each case reserved for the group of persons who are authorised to purchase the products. The selling restrictions which apply to specific products are set out in the relevant prospectuses and should be read carefully by the user.
In particular, the following selling restrictions apply:
Legal entities domiciled in the U.S.
The information contained in these webpages is not intended for the U.S. U.S. citizens (within the meaning of Regulation S of the U.S. Securities Act of 1933) and legal entities which are domiciled in the U.S. are prohibited from accessing these webpages. Information provided on these webpages is not permitted to be disseminated or disclosed in the U.S. or other countries in which doing so would breach their applicable law. The securities listed here are not and will not be registered pursuant to the U.S. Securities Act of 1933, and no authorisation was obtained to trade these securities pursuant to the U.S. Commodities Exchange Act of 1936. The securities are not permitted to be sold or offered in the U.S., to U.S. citizens or to legal entities domiciled in the U.S.
The products described on these webpages will be offered or sold to legal entities in other jurisdictions only if this is permissible under the relevant applicable legal provisions.
No warranty for content
The provision of or the content on these webpages or other services shall not give rise to any obligations of iMaps-Capital vis-à-vis the users.
Although these webpages are based on information which iMaps-Capital deems reliable and iMaps-Capital strives to keep this information up-to-date, iMaps-Capital provides no warranty whatsoever for the information contained on these webpages (announcements regarding the terms and conditions of the securities shall remain unaffected thereby). In particular, iMaps-Capital provides no warranty as to (a) the quality, accuracy, correctness, availability and completeness of the data and other information on these webpages, (b) the timely and accurate notification of users that defined limits and thresholds have been reached, (c) continuing to provide or update such information in the future, (d) the suitability or appropriateness of securities for investors, (e) the accounting and tax consequences of investing in securities and (f) the future price performance of securities. Investors should consult their own bank/intermediary and/or any other tax or financial adviser prior to taking any purchasing, subscribing or selling decision.
The values and prices presented on these webpages do not factor in the size of transactions, i.e., a specific transaction’s size may result in deviating values or prices. In addition, these may not correspond to the value or price which is obtainable on the relevant market at the time a user would like to purchase or sell specific securities or currency.
Links
These webpages may contain links to websites which are financed and maintained by third parties. iMaps-Capital provides users with such links solely to assist them in finding other sites. iMaps-Capital has not examined the information, software or products on such sites with respect to content or proper functioning. As such, iMaps-Capital makes no representations whatsoever about the content of such sites. In addition, iMaps-Capital assumes no liability for any technical defects or viruses contained on such sites. The fact that iMaps-Capital provides a link does not constitute a recommendation or confirmation by iMaps-Capital as to the content on such sites, their owners or the persons responsible for them.
Rights in content and layout
The content and layout of the webpages, including the underlying software, are copyrighted and otherwise protected. The reproduction, transmission, modification, linking or use of the webpages (in full or in part) for public or commercial uses without the written consent of iMaps-Capital shall be prohibited. Downloads and copies of these webpages are for private, non-commercial use only; they may not be disclosed to third parties.
Data Privacy
Further information on data protection, as updated from time to time, can be found under the following link. The information published under the link takes precedence.
Amendments
We reserve the right to amend these Terms and Conditions without giving prior notification. We therefore advise you to check this page on a regular basis.
These Terms and Conditions was last updated on 12 October 2020.
Applicable law/jurisdiction
These Terms and Conditions of Use shall be governed by the laws of the Principality of Liechtenstein.
In respect of any legal disputes arising in connection with these Terms and Conditions, all private users who are not residents of one of the countries in which Council Regulation (EC) No 1215/2012 of 12 December 2012 on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters applies, or which is a signatory and ratified of the Lugano Convention of 16 September 1988 on jurisdiction and the enforcement of judgments in civil and commercial matters, and all commercial users shall be subject to the exclusive jurisdiction of the competent court of Vaduz, Liechtenstein.
ETI ISIN | DE000AMC0AZ7 |
Delegated Investment Manager | iMaps ETI AG |
Address of Delegated Investment Manager | Im alten Riet 102 9494 Schaan, Liechtenstein |
Delegated Investment Manager Regulator | No regulator |
Brokers & Custodians | Interactive Brokers |
ETI Currency | EUR |
Indicative NAV of Underlying | |
ETI Issuing Price | 1,000 EUR |
Charts
Fees
Total Management Fee* | n/a % |
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Performance Fee | n/a % |
Max. Spread | n/a % |
*) The Total Management Fee comprises fixed Maintenance Fees, which include costs for audit, collateralization, listing, and paying agency fees, as well as Management Fees charged by the Master Investment Manager (iMaps ETI AG) and the Delegated Investment Manager. These fees diminish the value of the ETI and are updated monthly. Upon the launch of an ETI, the maximum possible fee amount is disclosed as the Total Management Fee: 4.5% for non-exempt offers, which are public offerings to retail investors, and 6.0% for exempt offers, which include offerings to professional investors and private placements.
Performance
1 Month | n/a % |
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3 Months | n/a % |
6 Months | n/a % |
YTD | n/a % |
1 Year | n/a % |
5 Years | n/a % |
Since Launch | n/a % |
Portfolio Allocation
Portfolio allocation as of: n/a
Identifier | Asset Class | Description | Price in Euro | % of Segregated Portfolio |
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Note the information provided is not intended as an offer or solicitation for the purchase or sale of any financial instruments but for investor relations purposes only. The aforementioned securities were offered to the public currently trade on the secondary market at the exchange mentioned above. It is recommended that investors considering investing in any of these notes consult an approved MiFID Financial Advisor prior to investing.
Identifier Glossary
Values without identifiers: These are CfDs – Contract for Differences. CfDs are derivatives traded over-the-counter in which two parties enter into a contract for the difference in the price development of an underlying asset. The underlying asset of the CfD is specified under Description. The specification “identifier=empty” and e.g. “description= amazon inc” therefore means that it is a CfD on the amazon share
Value with identifier ISIN: The ISIN is the twelve-digit international identification number for securities. These can include stocks, bonds, but also funds and ETFs. An ISIN always starts with two letters for the issuing country; e.g. DE for Germany; or the designation “XS” for cross-border securities issued. The country designation is regularly followed by a zero followed by a nine-digit combination of letters and numbers.
Since an ISIN is only issued once for each security, further information on the underlying asset component can be easily found by entering the ISIN, e.g. in the google or bing search mask.
Values with identifier Derivatives ticker: Derivatives tickers are the identifier for standardised derivatives traded on the stock exchange. These include futures and options. The identifier begins with a three-digit combination of letters followed by a date that reveals the maturity date of the derivative. In the case of call options, a “C” completes the identifier, and in the case of put options, a “P”
Values with crypto identifiers: Digital assets usually have three to four-digit letter combinations as identifiers. These can be used, for example, on the website coinmarketcap.com for further information on the respective cryptocurrency
Other assets: Those are accrued fees or prepaid fees that got activated for NAV calculation purposes