glossary

‘Accumulation Plans’ (from our Deposit Plans collection) are designed to repay the initial deposit at maturity and, at the same time, to outperform the returns investors could expect from cash investments.

‘Banking Day’ means a day on which commercial banks in London are open for general business (including dealings in foreign exchange and foreign currency deposits).

‘Business Day’ means any day on which the Exchange and each Related Exchange is scheduled to be open for trading for its regular trading sessions, subject to such Business Day not being a Disrupted Day.

‘Calculation Agent’ means Investec Bank plc acting as calculation agent.

‘Client Money’ means the provisions of the FSA’s Client Assets Sourcebook relating to client money.

‘Deposit Plans’ Structured Deposits are term deposits (like a fixed rate bond) with variable return linked to the performance of an underlying asset (like the UK stockmarket).They can be held within a variety of wrappers such as a cash ISA.

‘Disrupted Day’ means any Business Day on which a relevant Exchange or any Related Exchange fails to open for trading during its regular trading session or on which a Market Disruption Event has occurred on any day that, but for the occurrence of a Disrupted Day, would have been Start Date, an averaging date, a Valuation Date, a potential exercise date, a knock-in determination day, a knock-out determination day, an expiration or termination date.

‘EVEN 30™’ is an index specifically designed for Structured Products which follows a disciplined UK equity investment strategy designed to deliver a more even return.

Equity index
Volatility driven
Equally weighted
No dividends, no fees or charges

'Early Bird Interest' means interest payable for application monies received in advance of the Plan closing date. The Early Bird Interest you earn will be added to your Plan on the Start Date. 'Final Index Level' means the average of the closing levels of the Underlying Index on each business day.

‘Exchange’ means The London Stock Exchange (LSE).

'Fitch’ means Fitch Ratings.

‘FSA’ means the Financial Services Authority - www.fsa.gov.uk

‘FSA Handbook’ means the FSA Handbook of Rules and Guidance as amended from time to time.

‘FSA Rules’ means the Rules included within the FSA Handbook issued by the FSA.

‘FSCS’ means the Financial Services Compensation Scheme - www.fscs.org.uk

‘FTSE 100’ means the FTSE 100 Index. The products are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited.

‘Growth Plans’ (from our Deposit Plans collection) are designed to repay the initial deposit at maturity and, at the same time, deliver asset growth.

‘Growth Plans’ (from our Investment Plans collection) are designed to deliver asset growth as either an alternative or a complement to equity or fund investments.

‘HMRC’ means Her Majesty’s Revenue & Customs.

‘Index Sponsor’ means FTSE International Limited, a UK incorporated company which calculates the FTSE 100 and which is owned jointly by the London Stock Exchange and the Financial Times.
With respect to the EVEN 30™ Index the 'Index Sponsor' is Investec Bank plc.

‘Initial Index Level’ means the closing level of the FTSE 100 on the Start Date.
For the EVEN 30™ Index the 'Initial Index Level' means the closing level of the Underlying Index on the Start Date.

‘Investec’ means Investec Bank plc.

‘Income Plans’ (from our Investment Plans collection) are designed to deliver a target level return whilst reducing the risk of capital loss.

‘Investment Plans’ Structured Investments are designed to offer investment growth or income with performance linked to an underlying asset (like the UK stockmarket). They can be held within a variety of wrappers such as a stocks and shares ISA.

‘ISA’ Individual Savings Account. An ISA is a scheme of investment managed in accordance with the ISA Regulations by the ISA Manager under terms agreed between the ISA Manager and the investor (ISA terms and conditions). An ISA is restricted to UK tax resident individuals only.

‘ISA Manager’ means Investec Bank plc.

‘ISA Regulations’ means The Individual Savings Account Regulations 1998, as amended or replaced from time to time.

‘Kick-Out Level’ for each year means the average of the closing levels of the FTSE 100 for the five Business Days up to, and including, the relevant Kick-Out Date.

‘Knock-in’/‘Knock-out’ event means an event or occurrence on a relevant valuation day which causes a breach of a relevant barrier as defined in the terms of the product.

‘Market Disruption Event’ means in respect of a share or an Index, the occurrence or existence on a Business Day of

‘Moody’s’ means Moody’s Investor Services Limited.

‘Plan Manager’ means Investec Bank plc which is authorised and regulated by the FSA and bound by its rules.

‘Plan Objective’ means the objective of securing the return described in each Plan brochure.

‘Related Exchange’ means each exchange or quotation system where trading has a material effect (as determined by the Calculation Agent) on the overall market for futures or options contracts relating to the FTSE 100, including any transferee or successor to any such exchange or quotation system or any substitute exchange or quotation system to which trading in futures or options contracts relating to the FTSE 100 has temporarily relocated (provided that the Calculation Agent has determined that there is comparable liquidity relative to the futures or options contracts relating to the FTSE 100 on such temporary substitute exchange or quotation system as on the original Related Exchange).

‘Structured Deposits’ are term deposits (like a fixed rate bond) with a variable return linked to the performance of an underlying asset (like the UK stockmarket). They can be held within a variety of wrappers such as a cash ISA.

‘Structured Investments’ are designed to offer investment growth or income with performance linked to an underlying asset (like the UK stockmarket). They can be held within a variety of wrappers such as a stocks and shares ISA.

'UK 5' HSBC Bank plc, Nationwide Building Society, Santander UK plc, The Royal Bank of Scotland plc and Lloyds TSB Bank plc.

‘Valuation Date’ means any day during the Plan Term where the investment is valued according to prevailing market conditions on that day.