By applying for an account you declare that you ackowledge that:
Our accounts are not for day-trading or short-term investments and that they are structured as solutions to medium to long term financial goals.
In accordance with the Terms & Conditions of your account and the information provided in the Illustration, a relevant proportion of your investment will be allocated to Establishment Units (“EU”). You are aware that unlike Fund Units, EU are not invested, they have a fixed price and are not subject to market performance, interest, or any other variable. You also acknowledge that EU will be reserved to pay for applicable product charges, and that the proportion of EU allocation specific to your account is determined by the term of your account (the higher the term, the higher the EU initial allocation) and detailed in the product illustration which you have received and accepted.
The redemption value of your account at any given moment will be equal to the total value of units allocated to your account less the value of EU still held in your account and any unpaid product charges at such time. You also acknowledge that the account & redemption values in your account may differ as illustrated in the product illustration which you have received and accepted.