In order to conclude a contract and for financial services to be provided, you must be familiar with the risks associated with dealing in financial instruments.
The Bank provides financial services in the form of discretionary asset management, portfolio-related investment advice, and the pure execution and transmission of client orders (execution-only). In accordance with the FinSA, the Bank does not perform a suitability review in relation to execution-only orders. The Bank shall not draw attention to this again on the occasion of execution-only orders. Any orders placed with the Bank by external asset managers will be treated for these purposes as execution-only orders.
You make your own decision concerning the investment strategy in relation to discretionary asset management and portfolio-related investment advice. The strategic risk is embodied in the level of anticipated fluctuation in value and the likelihood of suffering a loss. The greater the risk, the more ambitious the target returns for a strategy are.
Further features along with information about how financial services and financial instruments work, the resulting risks, and your rights and duties are set out in the brochure entitled Risks involved in trading financial instruments. Upon request, your client advisor will provide you with a hard copy of the brochure.
In addition, the key information document (KID) for the relevant financial instrument is provided to retail clients within the meaning of the FinSA where particular financial instruments are personally recommended within the context of an advisory mandate and prior to the implementation of execution-only orders. The KID contains a summary of the key features and characteristics of the financial instrument concerned, such as costs, risks and earnings prospects. You will not receive a KID for every single financial instrument. Typical financial instruments for which a KID must be provided include fund units, structured products and options. Equivalent documents may be used in place of the KID, such as so-called packaged retail investment and insurance-based products (PRIIPs). These are the EU counterpart to the Swiss KIDs.
KIDs or PRIIPs for individual financial instruments may be downloaded free of charge from the Bank's website before purchasing or subscribing to the financial instrument concerned. Please let us know if you do not have the possibility to access the KIDs via this link before placing your purchase order. In this case, we will provide you the KID in an alternative way. If we are unable to provide you with the KID in person before you place your purchase order, we may, with your consent, provide you with the KID after you place your order. The KID belonging to execution-only orders will be handed over to you personally or sent to you electronically or by post as the case may be. The provision of the KID after the order has been placed is generally possible within the scope of execution-only orders with your consent.
As provided for under the FinSA, the Bank does not provide KIDs to the clients of external asset managers.
The Bank will be pleased to provide a KID upon request for any financial instruments that have one.
Please do not hesitate to contact your client advisor if you have any questions concerning the risks associated with financial services and financial instruments.