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Otherwise check your browser options. See SG Warrants |
Who is SG ? 
Irish Equity 
US Equity 
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HOW TO INVEST
All SG Listed Products are freely tradable on the London Stock Exchange each day from 08:15 to 16:30. No stamp duty or PTM levy is payable for trades. Settlement is via CREST on a T+3 basis.
Pricing is available from most data vendors using the four character product code, eg: Reuters: "SG16.L" Bloomberg: "SG16 LN Equity" or "SG16 Corp" Counterparty details for SG are as follows: LSE name / number: DGOD / 526 CREST account: EXXNK Full listing documentation (the Term Sheet and Pricing Supplement) can be accessed by contacting the SG sales team. The minimum trade size is just one product - generally £1,000 at issue. Listed Products can be held in SIPPs (but not in an ISA), or held directly. Risk warning requirements apply (see below) if the products are held directly by private investors. Certain structures (see below) can be held by UCITS funds for the purposes of EPM. Profits from listed structured products are subject to Capital Gains tax only, unless there is an unconditional capital guarantee built into the product. In this case the product is considered to be a note by the FSA, with all gains treated as income (unless held in a suitable tax shelter.) RISK DISCLOSURE REQUIREMENTS FOR PRIVATE INVESTORS SG’s London Stock Exchange Listed Structured Products and Covered Warrants fall under the FSA classification of “Securitised Derivatives”. The risk warning requirements for investors who intend to buy Securitised Derivatives are detailed in the FSA Handbook at COB 5.4.6A. (http://fsahandbook.info/FSA/html/handbook/COB/5/4)
These give firms a choice of risk warning notices to provide their clients
(1) A Covered Warrants or Securitised Derivatives risk warning notice (2) A one-way risk notification letter explaining the risks associated with the products A Covered Warrants or Derivatives Risk Warnings are two-way (ie the client needs to sign and return or acknowledge by phone or email that they have read and understood the warning), and need only be signed once. Otherwise, provided the firm’s standard client agreement letter specifies the manner in which notices may be given to a private customer, a one-way, once-only Risk Notification Letter may be sent. Examples of standard Securitised Derivative and Risk Notification Letter can be downloaded HERE. USE OF LISTED STRUCTURED PRODUCTS BY UCITS FUNDS Listed Structured Products are eligible derivatives for UCITS funds as they are traded on an RIE - the London Stock Exchange. UCITS III funds who can invest in derivatives can hold any Listed Structured Product issued by SG. UCITS funds that use derivatives for the purposes of Efficient Portfolio Management (EPM) can use certain types of of Listed Products: (1) Those that Reduce Risk (such as Protected Accelerators or Reverse Trackers) |
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