PRIIPS – Key Information Documents (KID)

Here you’ll find key information documents (KID) about packaged products and services offered by DNB Carnegie Norway

Regulations for increased investor protection

The PRIIPS regulations have been introduced to help non-professional investors make the right product choices. Good information must be provided through increased transparency and harmonisation of regulations across different product types and distribution channels.

The PRIIPS regulation specifies what key information should be provided and how. The information is provided in a Key Information Document (KID). The KID is a three-page document that describes the product’s properties, risk factors, costs and the potential for profit and loss.

The KID is prepared by the product manufacturer in the official language(s) of the countries where the product is sold. Distributors and sellers of PRIIPS are responsible for ensuring that investors have access to KID. The KID must be separate from the product’s marketing material.

Below you will find DNB Carnegies KID documents in Norwegian.

What is PRIIPS?

PRIIPS is an abbreviation for “Packaged retail, insurance and investment products”. The PRIIPs regulations are essentially an EU regulation adopted as law in Norway.

The PRIIPs Act orders manufacturers and providers of investment products to provide non-professional investors with key information (KID) about products before investment.

The PRIIPs Act (Lovdata, NO)

Key Information Documents (KIDs) on interest rate and currency derivatives

Product	Maturity	Underlying Currency	Variants	Entry Cost in%	LPA Identifier / WF name
FX Call	12m	EUR	DNB buys Call	0,40%	FXCall12mEURNOKBuy
	12m	EUR	DNB sells Call	1,50%	FXCall12mEURNOKSell
	12m	EUR	DNB buys Call	0,40%	FXCall12mEURSEKBuy
	12m	EUR	DNB sells Call	1,50%	FXCall12mEURSEKSell
FX Put	12m	EUR	DNB buys Put	0,40%	FXPut12mEURNOKBuy
	12m	EUR	DNB sells Put	1,50%	FXPut12mEURNOKSell
	12m	EUR	DNB buys Put	0,40%	FXPut12mEURSEKBuy
	12m	EUR	DNB sells Put	1,50%	FXPut12mEURSEKSell
Risk Reversal	12m	EUR	DNB buys	1,30%	FXRR12mEURNOKBuy
	12m	EUR	DNB sells	1,30%	FXRR12mEURNOKSell
	12m	EUR	DNB buys	1,10%	FXRR12mEURSEKBuy
	12m	EUR	DNB sells	1,10%	FXRR12mEURSEKSell
FX Forward	3m	EUR	DNB sells EUR	0,80%	FXFWD3mEURNOKBuy
	3m	EUR	DNB buys EUR	0,80%	FXFWD3mEURNOKSell
	3m	EUR	DNB sells EUR	0,70%	FXFWD3mEURSEKBuy
	3m	EUR	DNB buys EUR	0,70%	FXFWD3mEURSEKSell
	12m	EUR	DNB sells EUR	1,40%	FXFWD12mEURNOKBuy
	12m	EUR	DNB buys EUR	1,40%	FXFWD12mEURNOKSell
	12m	EUR	DNB sells EUR	1,20%	FXFWD12mEURSEKBuy
	12m	EUR	DNB buys EUR	1,20%	FXFWD12mEURSEKSell
FX Swap	3m	EUR	DNB buys EUR	0,80%	FXSWP3mEURNOKBuy
	3m	EUR	DNB sells EUR	0,80%	FXSWP3mEURNOKSell
	3m	EUR	DNB buys EUR	0,80%	FXSWP3mEURSEKBuy
	3m	EUR	DNB sells EUR	0,80%	FXSWP3mEURSEKSell
	12m	EUR	DNB buys EUR	1,50%	FXSWP12mEURNOKBuy
	12m	EUR	DNB sells EUR	1,50%	FXSWP12mEURNOKSell
	12m	EUR	DNB buys EUR	1,50%	FXSWP12mEURSEKBuy
	12m	EUR	DNB sells EUR	1,50%	FXSWP12mEURSEKSell
Participation Forward	12m	EUR	DNB buys EUR	1,40%	FXPFWD12mEURNOKBuy
	12m	EUR	DNB sells EUR	1,40%	FXPFWD12mEURNOKSell
	12m	EUR	DNB buys EUR	1,20%	FXPFWD12mEURSEKBuy
	12m	EUR	DNB sells EUR	1,20%	FXPFWD12mEURSEKSell
Flexible Forward / Knock-in Forward	12m	EUR	DNB buys EUR	1,40%	FXKIFWD12mEURNOKBuy
	12m	EUR	DNB sells EUR	1,40%	FXKIFWD12mEURNOKSell
	12m	EUR	DNB buys EUR	1,20%	FXKIFWD12mEURSEKBuy
	12m	EUR	DNB sells EUR	1,20%	FXKIFWD12mEURSEKSell
Deal Currency Deposit (Flip Deposit)	3m	EUR	DNB takes NOK deposit and buys EUR call NOK put	0.80%	FXDCD3mEURNOK
	3m	EUR	DNB takes SEK deposit and buys EUR call SEK put	0.70%	FXDCD3mEURSEK
Multi-Ratio Forward	12m	EUR	DNB buys with K/O and sells PV	0,70%	FXMRFWD12mEURNOKBuy
	12m	EUR	DNB sells with K/O and buys PV	0,70%	FXMRFWD12mEURNOKSell
	12m	EUR	DNB buys with K/O and sells PV	0,60%	FXMRFWD12mEURSEKBuy
	12m	EUR	DNB sells with K/O and buys PV	0,60%	FXMRFWD12mEURSEKSell
Booster Forward	12m	EUR	DNB buys	1,30%	FXBFWD12mEURNOKBuy
	12m	EUR	DNB sells with leverage	1,30%	FXBFWD12mEURNOKSell
	12m	EUR	DNB buys	1,10%	FXBFWD12mEURSEKBuy
	12m	EUR	DNB sells with leverage	1,10%	FXBFWD12mEURSEKSell
TARFs	12m	EUR	DNB buys EUR	1,60%	FXTARF12mEURNOKBuy
	12m	EUR	DNB sells EUR	1,60%	FXTARF12mEURNOKSell
	12m	EUR	DNB buys EUR	1,40%	FXTARF12mEURSEKBuy
	12m	EUR	DNB sells EUR	1,40%	FXTARF12mEURSEKSell
Constant Maturity Swap	5y	NOK	DNB receives CMS5	0,30%	CMS5yNOKRec
Caps	5y	NOK	DNB buys	0,50%	CAP5yNOKBuy
	5y	NOK	DNB sells	0,05%	CAP5yNOKSell
	5y	SEK	DNB buys	0,20%	CAP5ySEKBuy
	5y	SEK	DNB sells	0,05%	CAP5ySEKSell
Floor	5y	NOK	DNB Buys	0.05%	FLOOR5yNOKBuy
	5y	NOK	DNB Sells	0.20%	FLOOR5yNOKSell
	5y	SEK	DNB Buys	0.05%	FLOOR5ySEKBuy
	5y	SEK	DNB Sells	0.20%	FLOOR5ySEKSell
Corridor (bought cap/sold floor)	5y	NOK	DNB sells cap and buys floor	0.50%	CORR5yNOK
	5y	SEK	DNB sells cap and buys floor	0.50%	CORR5ySEK
Interest Rate Swap	10y	NOK	DNB pays	1,90%	IRS10yNOKRec
	10y	NOK	DNB receives	1,80%	IRS10yNOKPay
	10y	SEK	DNB pays	1,60%	IRS10ySEKRec
	10y	SEK	DNB receives	1,70%	IRS10ySEKPay
Cancellable Swap (DNB cancels)	3y7y	NOK	DNB receives	1,70%	IRSBANKCANC3y7yNOKRec
	3y7y	SEK	DNB receives	1,50%	IRSBANKCANC3y7ySEKRec
Cancellable Swap (Client cancels)	3y7y	NOK	DNB receives	1.80%	IRSCUSTCANC3y7yNOKRec
	3y7y	SEK	DNB receives	1.50%	IRSCUSTCANC3y7ySEKRec
Discount Swap	5y	NOK	DNB receives fixed / Client sells cap	1.10%	IRSCAP5yNOK
	5y	SEK	DNB receives fixed / Client sells cap	0.90%	IRSCAP5ySEK
Interest Rate Swap with Floor	10y	NOK	DNB receives fixed / Client buys floor	1,80%	IRSFLOOR10yNOK
	10y	SEK	DNB receives fixed / Client buys floor	1,50%	IRSFLOOR10ySEK

These products are over-the-counter (OTC) contracts – currency instruments