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Exchange-traded products, or ETPs, are securities where the value and price of the product is linked to the performance of an underlying stock, index, commodity or currency.

An ETP provides the opportunity to benefit from both price increases or price decreases in different markets. It gives you exposure with built-in leverage at a moderate cost of borrowing. Unlike exchange-traded funds (ETFs), exchange-traded products are issued with the security of the issuer's balance sheet. This means that in addition to the market risk, the investor also bears a counterparty risk towards the issuer.

The risk in an ETP is generally high. You should familiarize yourself with these products before investing.

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