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Markets

Packaged Retail and Insurance-based
Investor Products (PRIIPS)

Key Information Documents

Packaged Retail and Insurance-based Investor Products (PRIIPS)

Example Key Information Documents for Packaged Retail and Insurance-based Investor Products (PRIIPS) comprising Foreign Exchange Forwards (deliverable), Foreign Exchange SWAPs and Dual Currency Deposits manufactured and sold by Isle of Man Bank to Retail classified customers located in the European Economic Area (EEA).

Your Markets contact will provide you with a Key Information Document prior to trading.

Forward Foreign Exchange

This product is to allow you to exchange an agreed amount of one currency for another currency, for settlement on a pre-agreed date, at a pre-agreed exchange rate.

GBP/USD - 3 month term

GBP/EUR - 3 month term

EUR/USD - 3 month term

Foreign Exchange SWAPs

This product is comprised of two foreign exchange transactions. Under the first transaction you agree to exchange an agreed amount of one currency (1) for another currency (2), at a pre-agreed exchange rate, on a pre-agreed date. Under the second transaction, you agree to exchange the agreed amount of currency 2 for currency 1 at a pre-agreed exchange rate, on a later settlement date.

GBP/USD - Spot/3 month term

GBP/EUR - Spot/3 month term

EUR/USD - Spot/3 month term

Dual Currency Deposits

This product allows you to place your money with the Bank on the Start Date, and is returned in either the Original Currency or the Secondary Currency on Maturity, together with the Interest Amount due.

GBP/USD - 1 month term

GBP/EUR - 1 month term

EUR/USD - 1 month term