To obtain the Key Information Document (KID¹) of the OTC derivative (FX) you intend to trade, please make the following selections, in the order set out below:
- Centre: The Barclays’ centre you intend to trade with, as that provides the correct jurisdictional details for the issuer i.e. ‘manufacturer’ of the derivative
- Product Group: The type of derivative you intend to trade
- Client direction²: The type of position you intend to take
- Call/put: The type of option you intend to trade
- Currency pair: The most relevant currency pair for your intended trade
- KID document: If you are resident in the UK, Jersey, Guernsey or the Isle of Man, choose the KID document indicated by "UK KID". If you are resident in the EEA or Switzerland, choose the KID document indicated by "EU KID"
Notes:
- Please note that the KID is illustrative and based on the selections you make. The economic terms used in the KID are not intended to reflect the bespoke terms we ultimately agree with you but are intended to provide you with a fair representation of how the performance may vary in different market conditions and the impact costs will have on such performance.
- Client direction can either be “Long” or “Short”:
- Long is a position that rises in value if the price of the underlying FX rate rises. When trading GBPUSD, for example, a Long GBP position will benefit from an increase in the value of the FX rate. In the options market, Long is used to refer to the purchase of an option. If you select the Long the option, you are the option buyer.
- Short is a position that rises in value if the price of the underlying FX rate falls. When trading GBPUSD, for example, a Short GBP position will benefit from a decrease in the value of the FX rate. In the options market, Short is used to refer to the sale (or “writing”) of an option. If you select the Short option, you are the option seller.