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Jargon Buster - N


New Individual Savings Account. From 1stJuly 2014, all ISA accounts became New ISAs in the UK. Further information on NISAs can be found at


A company whose name a Structured Product is held in, whilst leaving the investor as the actual owner of the Structured Product.

Non-Protected Products

Non-protected products are those where the repayment of capital at maturity depends on the performance of an Underlying (or Underlyings) , as well as counterparty risk.

We've put together a glossary of terminology associated with structured products.

While these are standard definitions, it's important that you read the relevant product literature before investing, as providers might use a slightly different definition to those detailed here.

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Representing the collective interests of leading structured product manufacturers in the UK

The UK Structured Products Association ('UKSPA') is a membership organisation established by the leading manufacturers of structured products in the UK. UKSPA provides a unified voice for its members, working with regulators, financial advisers and other trade bodies. It serves a number of important functions, including engaging with regulators, developing best practice guidelines, educating the investment community and providing a useful source of information for manufacturers, financial advisers and retail investors within the UK.

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