Price risk Volatility risk Interest rate risk BONDS (or other forms of Liquidity risk securitized debt) that Issuer risk up to 5% embed a derivative or that Counterparty risk up to 10% Complex incorporate a structure Credit risk up to 20% which makes it difficult for Interest rate risk Non-Complex up to 50% Underlying asset risk the client to understand the up to 100% Market risk risk involved Risk of Total Loss Convertible bonds Risk of loss exceeding acquisition cost Any other risk Price risk Volatility risk Interest rate risk Liquidity risk Issuer risk up to 5% Counterparty risk up to 10% Complex Credit risk Share options up to 20% Interest rate risk Non-Complex up to 50% Underlying asset risk up to 100% Market risk Risk of Total Loss Risk of loss exceeding acquisition cost Any other risk Price risk Volatility risk Interest rate risk up to 5% Liquidity risk up to 10% Issuer risk Complex Warrants up to 20% Counterparty risk Non-Complex up to 50% Credit risk up to 100% Interest rate risk Underlying asset risk Market risk Risk of Total Loss
BONDS (or other forms of securitized debt) that embed a derivative or that incorporate a structure which makes it difficult for the client to understand the risk involved Convertible bonds Complex Non-Complex up to 5% up to 10% up to 20% up to 50% up to 100% Price risk Volatility risk Interest rate risk Liquidity risk Issuer risk Counterparty risk Credit risk Interest rate risk Underlying asset risk Market risk Risk of Total Loss Risk of loss exceeding acquisition cost Any other risk Share options Complex Non-Complex up to 5% up to 10% up to 20% up to 50% up to 100% Price risk Volatility risk Interest rate risk Liquidity risk Issuer risk Counterparty risk Credit risk Interest rate risk Underlying asset risk Market risk Risk of Total Loss Risk of loss exceeding acquisition cost Any other risk Warrants Complex Non-Complex up to 5% up to 10% up to 20% up to 50% up to 100% Price risk Volatility risk Interest rate risk Liquidity risk Issuer risk Counterparty risk Credit risk Interest rate risk Underlying asset risk Market risk Risk of Total Loss
APPROPRIATENESS_TEST_indv.docx