Submitted by usr01576 on Wed, 04/14/2021 - 17:31
Drawbacks
English
- There is no maturity date and the Profit Units are in principle perpetual; no redemption is possible for the first 5 years. Redemption is subject to strict conditions, without guarantee and at the Bank’s discretion;
- The investor must meet certain criteria defined by the Bank;
- The Profit Units are non-transferable except in the event of death;
- No guaranteed returns.
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