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Eligible Investments
We offer a wide range of different types of investments you can buy and sell. So if you're not sure, take a look at our guide below:
| Bank of Scotland Share Dealing | Bank of Scotland ShareBuilder | Bank of Scotland Share Dealing PEP & ISA| Bank of Scotland Share Dealing SIPP | | |
| FTSE 100, 250 and FTSE All-Share |  | | | |
| Shares in Investment Trusts | | | | |
| Exchange Traded Funds also known as Tracker Shares | | | | |
| Alternative Investment Market stocks (AIM) | | | | |
| Certain international stocks traded on the London Stock Exchange International Retail Service (IRS) which are quoted and settled in sterling | | | | |
| International trading in 7 of the worlds largest markets | | |||
| Units in Unit Trusts and shares in Open Ended Investment Companies (OEICs) | | | | |
| Gilts# | | | | |
| Corporate fixed and convertible bonds | | | | |
| CREST Depositary Interests (CDIs) | | | | |
| UK convertible and cumulative preference stock# | | | | |
| Warrants in UK shares settled in CREST | | |
# For PEPs & ISAs these must have more than 5 years to redemption at the time of purchase.
Please note that only qualifying investments can be held in a PEP or ISA. We’ll be able to tell you whether the investment(s) you want to buy or sell are eligible for a PEP or ISA.
ETFs are bundles of shares of particular industry sectors, countries, markets and so on. So you might find an ETF of oil, technology or pharmaceutical shares - or one that buys the shares of the companies that make up the FTSE-100 index. ETFs provide instant diversification by investing in a group of shares, rather than one particular share. That means your risk can be reduced, as you're not putting all your eggs in one basket.
These 'bundles' of shares can be bought and sold just like a regular share, but because they include shares from a range of companies they can iron out the sharp ups and downs that you might get from holding shares in just one company. That's because an ETF tends to move according to general trends within its market, which is why they're also called Tracker Shares.
If you're an existing Bank of Scotland Share Dealing customer just go to www.bankofscotlandhalifax.co.uk/online or call 0845 606 1188 to place your deal. Remember, you'll need the ETFs company code if you're dealing online - these are listed below.
Where can I find more information?
www.londonstockexchange.com (opens new window)
www.ishares.net (opens new window)
www.ldrs.com (opens new window)
| Exchange Traded Fund | Company code |
| iShares FTSE 100 | ISF |
| iShares Euro 80 | IEUR |
| iShares Euro 100 | IEUT |
| iShares S & P 500 | IUSA |
| EURO Exchange Stoxx 50 LDRS | EUN |
| iShares DJ Euro STOXX MidCap | DJMC |
| iShares DJ Euro STOXX SmallCap | DJSC |
| EURO Exchange EuroStoxx 50 LDRS | EUE |
| iShares FTSE 250 | MIDD |
| iShares MSCI Japan | IJPN |
| iShares FTSE/Xinhua China 25 | FXC |
| iBoxx £ Corporate Bond Fund | SLXX |
| iBoxx € Liquid Corporates | IBCX |
Warrants
Warrants are securities issued by a company, which give their owners the right to purchase shares in the company at a specific price at a future date. Warrants are tradable in their own right, and their value will go up and down as the price of the shares to which they relate goes up and down. e.g.
Goodco issues new shares at 50p each. At the same time it gives shareholders warrants entitling them to buy shares at 100p at any time until 1st January 2005. Warrants have no right to dividends and no voting rights, so their value is tied entirely to the relationship between their exercise price and the share price of the company. If the share price is below the exercise price, the warrants are said to be 'out of the money'. I.e. they still have value but exercising the warrants is more expensive than buying the shares on the market. If the share price rises above the exercise price, they are 'in the money', which is the opposite.
One of the features of warrants is 'gearing'. This means that a small rise in the price of the share price results in a large rise in the value of the warrants, and a fall in the share price has an equally dramatic downward effect on the value of the warrant.
The owner of a warrant doesn't have to buy the shares. He has a right, not an obligation. Also the value of a warrant can easily drop to zero (if the exercise price is higher than the share price) and it will definitely be zero once the time for exercise has passed.
If you want to deal in warrants, please download our Warrant Risk Notice (PDF opens new window), sign it and send back to us.
To view PDF document's you will need the latest version of Adobe Acrobat reader (new window). To read the PDF document with a screen reader please link to the Access Adobe website (new window)
Please remember the value of your investments and the income from them can go down as well as up. You may not get back the full amount you have invested. If you're in any doubt about the suitability of any of our products, or whether to buy or sell shares, you should consult an appropriate Financial Adviser.