| Dealing Date |
Dates during the investment term of a Structured Product where investors can sell their existing holdings |
| Debenture |
A kind of bond |
| Deferred Purchase Agreement |
A deferred purchase agreement is an agreement entered into by the provider and investor whereby the investor will gain notional exposure to the performance of the underlying asset. Upon maturity, investors may either accept physical delivery of the delivery assets on the settlement date or receive the sale proceeds in the form of cash equal to the final value of the investment. The delivery asset may take the form of shares or units in a fund |
| Deposit Plans |
Deposit Plans are Structured Deposits, which are term deposits (similar to a fixed rate bond) with a variable return linked to the performance of an Underlying. They can be held within a variety of wrappers such as a Cash ISA |
| Deposit Taker |
The institution (usually a bank or building society) that will hold a Structured Deposit and will return the investment at the end of the term (together with any return that is due to investors) |
| Derivatives |
Derivatives are financial products that derive their value from the price of some other underlying asset or index
Typical derivative products are futures and options contracts |
| Digital |
A Digital product delivers a fixed return if the Underlying meets a certain condition (for example, if it is at or above a certain level on a certain date). |
| Digital option |
An umbrella term for cash-or-nothing options and asset-or-nothing options |
| Direct Investment |
An investment in a Structured Product outside of an ISA |
| Disrupted Day |
Any Business Day on which a relevant Exchage fails to open for trading during its regular trading session or on which a Market Disruption Event has occurred |
| Dispersion |
A return based on the spread between the performance of different shares within a basket. For example, the return may be based on the share in the basket with the smallest absolute performance in comparison to its initial level or the absolute value of all share performances compared to the overall basket performance |
| Dividend |
A return based on the actual dividend yield on the underlying index or shares |
| Down-and-in option |
A knock-in option which is activated only once the value of the underlying asset has fallen below a predefined barrier (instrike) during the life of the option (see also: Barrier option) |
| Down-and-out option |
A knock-out option which is terminated once the value of the underlying asset has fallen below a predefined trigger or barrier (the instrike) during the life of the option (see also: Barrier option) |
| Downside gearing |
In many high income products and some other forms of structured product, the capital invested is at risk if the underlying fails to rise over the term of the product |
| Dual Index |
Where the return or repayment of capital provided by a Structured Product is linked to the worst performing of two Underlyings. These are typically higher risk than Structured Products where returns are linked to just one Underlying, but as a result should offer the potential for greater returns |
