CHF · Fixed term
Swiss Franc Defensive
Defensive allocation to the Swiss franc, held for its behaviour in stressed markets rather than for its yield.
How the return is generated
Capital allocated to this product accrues at the published target rate from the platform reward pool. Accrual is calculated daily and stops if the pool is not funded — it is not produced by trading your balance, and it is not a share of anything we earn elsewhere. The rate can be changed for new positions; a position that is already open runs on the terms it was opened with.
Terms and fees
- Term
- 180 days
Capital and accrued return are released at maturity.
- Lock-up
- 90 days
Redemption is not possible during the lock-up, except at the early exit fee where one is published.
- Payout
- Compounding
Whether accrued return is paid out or added to the position.
- Minimum
- 250 CHF
- Maximum
- 500,000 CHF
- Capacity
- No limit
- Entry fee
- 0.00%
- Exit fee
- 0.00%
- Early exit fee
- 1.00%
Charged on the principal if you exit before maturity.
Risk
Target returns are estimates and are not guaranteed. Exchange rates move against you as readily as for you. A currency position can lose value in your home currency even when the return is paid as agreed. Past performance is not indicative of future results.
- Market risk
- The value of the underlying asset can fall. A return quoted in an asset is not a return in your home currency: if the asset falls against it, you can hold more of the asset and less value.
- Reward pool risk
- Accrual comes from a funded pool. If the pool is not funded, accrual stops. This is disclosed rather than hidden behind an average.
- Liquidity risk
- During a lock-up your capital is not available. Redemption and the payout that follows take time, and a fixed-term product cannot be shortened by asking.
- Operational and counterparty risk
- The platform is custodial: we hold the assets and you hold a claim on us. That claim depends on our controls, our solvency and the custody arrangements described in the security pages.
Liquidity and redemption
Capital is returned at maturity. Early exit is possible where an early exit fee is published; the fee is charged on the principal and shown before you confirm.