TargetMarket

<xs:element xmlns:altova="http://www.altova.com/xml-schema-extensions"
            xmlns:ds="http://www.w3.org/2000/09/xmldsig#"
            xmlns:xs="http://www.w3.org/2001/XMLSchema"
            name="TargetMarket">
   <xs:complexType>
      <xs:sequence>
         <xs:element name="GeneralReferenceDate" type="xs:date">
            <xs:annotation>
               <xs:documentation>01000 Date to which the Target Market data within the EMT refer</xs:documentation>
            </xs:annotation>
         </xs:element>
         <xs:element name="InvestorType">
            <xs:annotation>
               <xs:documentation>Target markets - Investor Type</xs:documentation>
            </xs:annotation>
            <xs:complexType>
               <xs:sequence>
                  <xs:element name="Retail" type="EMTYesNoNeutralType">
                     <xs:annotation>
                        <xs:documentation>01010: Neutral means usage by Retail clients are available under certain conditions.</xs:documentation>
                     </xs:annotation>
                  </xs:element>
                  <xs:element name="Professional">
                     <xs:annotation>
                        <xs:documentation>01020: Y means both Professional Per Se and Elective Professionals are compatible.
N means that neither Professional Per Se nor Elective Professionals are compatible.
P means that Professional Per Se is compatible but Elective Professionals are not.
E means that Elective Professional is compatible but Professionals Per Se are not.
P is only used if the distinction Per Se is done in the Prospectus. </xs:documentation>
                     </xs:annotation>
                     <xs:simpleType>
                        <xs:restriction base="xs:string">
                           <xs:enumeration value="Y"/>
                           <xs:enumeration value="N"/>
                           <xs:enumeration value="P"/>
                           <xs:enumeration value="E"/>
                        </xs:restriction>
                     </xs:simpleType>
                  </xs:element>
                  <xs:element name="EligibleCounterparty" type="EMTYesNoType">
                     <xs:annotation>
                        <xs:documentation>01030: Investor Type Eligible Counterparty</xs:documentation>
                     </xs:annotation>
                  </xs:element>
               </xs:sequence>
            </xs:complexType>
         </xs:element>
         <xs:element name="KnowledgeAndExperience">
            <xs:annotation>
               <xs:documentation>Target markets - Knowledge and/or Experience</xs:documentation>
            </xs:annotation>
            <xs:complexType>
               <xs:sequence>
                  <xs:element name="BasicInvestor" type="EMTYesNoNeutralType">
                     <xs:annotation>
                        <xs:documentation>02010: Investors having the following characteristics:
• basic knowledge of relevant financial instruments (a  basic investor can make an informed investment decision based on the regulated and authorised offering documentation  or with the help of basic information provided by point of sale); 
• no financial industry  experience, i.e. suited to a first time investor</xs:documentation>
                     </xs:annotation>
                  </xs:element>
                  <xs:element name="InformedInvestor" type="EMTYesNoNeutralType">
                     <xs:annotation>
                        <xs:documentation>02020: Having one, or more, of the following characteristics:
• average knowledge of relevant financial products (an informed investor can make an informed investment decision based on the regulated and authorised offering documentation, together with knowledge and understanding of the specific factors/risks highlighted within them only)
• some financial industry experience </xs:documentation>
                     </xs:annotation>
                  </xs:element>
                  <xs:element name="AdvancedInvestor" type="EMTYesNoNeutralType">
                     <xs:annotation>
                        <xs:documentation>02030: Investors having one, or more, of the following characteristics:
• good knowledge of relevant financial products and transactions
• financial industry experience or accompanied by professional investment advice or included in a discretionary portfolio service</xs:documentation>
                     </xs:annotation>
                  </xs:element>
                  <xs:element minOccurs="0"
                              name="ExpertInvestorGermany"
                              type="EMTYesNoNeutralType">
                     <xs:annotation>
                        <xs:documentation>02040: Expert knowledge of and / or experience with highly specialised financial products (Regulatory requirement in Germany/ example: CFD/ the updated list will be provided by the DSGV)</xs:documentation>
                     </xs:annotation>
                  </xs:element>
               </xs:sequence>
            </xs:complexType>
         </xs:element>
         <xs:element name="AbilityToBearLosses">
            <xs:annotation>
               <xs:documentation>Target markets - Ability To Bear Losses</xs:documentation>
            </xs:annotation>
            <xs:complexType>
               <xs:sequence>
                  <xs:element name="CompatibleWithClientsWhoCanNotBearCapitalLoss"
                              type="EMTYesNoNeutralType">
                     <xs:annotation>
                        <xs:documentation>03010: Investor can bear no loss of capital. Minor losses especially due to costs possible. Yes or No or Neutral.
N for negative target: product should not be sold to investors that cannot bear losses </xs:documentation>
                     </xs:annotation>
                  </xs:element>
                  <xs:element minOccurs="0"
                              name="CompatibleWithClientsWhoCanBearLimitedCapitalLoss"
                              type="EMTYesNoNeutralType">
                     <xs:annotation>
                        <xs:documentation>03020: Investor seeking to preserve capital or can bear losses limited to a level specified by the product. Assessment  of loss level is based on investments in the same currency as the instrument denomination and do not take into consideration potential adverse FX market performance.
To be filled only for structured securities and funds with an explicit capital protection or for Money Market funds.
Yes or No or Neutral</xs:documentation>
                     </xs:annotation>
                  </xs:element>
                  <xs:element minOccurs="0" name="LimitedCapitalLossLevel" type="PercentageType">
                     <xs:annotation>
                        <xs:documentation>03030: To be completed for products that have a clearly stated full or partial capital guarantee, provided on the primary market. This field represents the maximum loss a client could incur when investing in this product – it is not the level of capital protection offered</xs:documentation>
                     </xs:annotation>
                  </xs:element>
                  <xs:element name="CompatibleWithClientsWhoDoNotNeedCapitalGuarantee"
                              type="EMTYesNoNeutralType">
                     <xs:annotation>
                        <xs:documentation>03040: No Capital Guarantee nor protection. 100% capital at risk. Yes or No or Neutral</xs:documentation>
                     </xs:annotation>
                  </xs:element>
                  <xs:element name="CompatibleWithClientsWhoCanBearLossBeyondCapital"
                              type="EMTYesNoNeutralType">
                     <xs:annotation>
                        <xs:documentation>03050: Loss Beyond the Capital. 
Yes or No or Neutral</xs:documentation>
                     </xs:annotation>
                  </xs:element>
               </xs:sequence>
            </xs:complexType>
         </xs:element>
         <xs:element name="RiskTolerance">
            <xs:annotation>
               <xs:documentation>Target markets - Risk Tolerance</xs:documentation>
            </xs:annotation>
            <xs:complexType>
               <xs:sequence>
                  <xs:element minOccurs="0" name="PRIIPSMethodology">
                     <xs:annotation>
                        <xs:documentation>04010: SRI (1-7), if PRIIPS KID is available. German distributors will use only this Risk Tolerance item</xs:documentation>
                     </xs:annotation>
                     <xs:simpleType>
                        <xs:restriction base="xs:positiveInteger">
                           <xs:minInclusive value="1"/>
                           <xs:maxInclusive value="7"/>
                        </xs:restriction>
                     </xs:simpleType>
                  </xs:element>
                  <xs:element minOccurs="0" name="UCITSMethodology">
                     <xs:annotation>
                        <xs:documentation>04020: SRRI (1-7; for funds)</xs:documentation>
                     </xs:annotation>
                     <xs:simpleType>
                        <xs:restriction base="xs:positiveInteger">
                           <xs:minInclusive value="1"/>
                           <xs:maxInclusive value="7"/>
                        </xs:restriction>
                     </xs:simpleType>
                  </xs:element>
                  <xs:element minOccurs="0" name="InternalMethodology">
                     <xs:annotation>
                        <xs:documentation>04030: For Non PRIIPS and Non UCITS:
L ... Low
M ... Medium
H ... High</xs:documentation>
                     </xs:annotation>
                     <xs:simpleType>
                        <xs:restriction base="xs:string">
                           <xs:enumeration value="L"/>
                           <xs:enumeration value="M"/>
                           <xs:enumeration value="H"/>
                           <xs:enumeration value=""/>
                        </xs:restriction>
                     </xs:simpleType>
                  </xs:element>
                  <xs:element minOccurs="0" name="MethodologySpain">
                     <xs:annotation>
                        <xs:documentation>04040: Spanish SRI (1-6) for Non PRIIPS and Non UCITS
For Spanish local NON PRIIPS and NON UCITS products.
Orden ECC/2316/2015, de 4 de noviembre, relativa a las obligaciones de información y clasificación de productos financieros</xs:documentation>
                     </xs:annotation>
                     <xs:simpleType>
                        <xs:restriction base="xs:positiveInteger">
                           <xs:minInclusive value="1"/>
                           <xs:maxInclusive value="6"/>
                        </xs:restriction>
                     </xs:simpleType>
                  </xs:element>
                  <xs:element minOccurs="0" name="NotForInvestorsWithLowestRiskToleranceGermany">
                     <xs:annotation>
                        <xs:documentation>04050: For all products distributed in Germany (Yes or Neutral)</xs:documentation>
                     </xs:annotation>
                     <xs:simpleType>
                        <xs:restriction base="xs:string">
                           <xs:enumeration value="Y"/>
                           <xs:enumeration value="Neutral"/>
                        </xs:restriction>
                     </xs:simpleType>
                  </xs:element>
               </xs:sequence>
            </xs:complexType>
         </xs:element>
         <xs:element name="ClientObjectives">
            <xs:annotation>
               <xs:documentation>Target markets - Client Objectives and Needs</xs:documentation>
            </xs:annotation>
            <xs:complexType>
               <xs:sequence>
                  <xs:element name="ReturnProfile">
                     <xs:complexType>
                        <xs:sequence>
                           <xs:element name="ClientLookingForPreservation" type="EMTYesNoNeutralType">
                              <xs:annotation>
                                 <xs:documentation>05010: Indicates if the product is compatible with clients looking for preserving their capital.
Products stipulating a capital preservation objective should be YES. For other products, the answer should be NO or NEUTRAL based on a case-by-case analysis. In Germany fields 05010, 05020 and 05030 are merged and regarded "General Capital Formation". A YES in any of these fields will be regarded a YES in the German combined field.</xs:documentation>
                              </xs:annotation>
                           </xs:element>
                           <xs:element name="ClientLookingForCapitalGrowth" type="EMTYesNoNeutralType">
                              <xs:annotation>
                                 <xs:documentation>05020: Indicates if the product is compatible with clients looking for growing their capital.
In Germany fields 05010, 05020 and 05030 are merged and regarded "General Capital Formation". A YES in any of these fields will be regarded a YES in the German combined field.</xs:documentation>
                              </xs:annotation>
                           </xs:element>
                           <xs:element name="ClientLookingForIncome" type="EMTYesNoNeutralType">
                              <xs:annotation>
                                 <xs:documentation>05030: Indicates if the product is compatible with clients looking for Income.
In Germany fields 05010, 05020 and 05030 are merged and regarded "General Capital Formation". A YES in any of these fields will be regarded a YES in the German combined field.</xs:documentation>
                              </xs:annotation>
                           </xs:element>
                           <xs:element minOccurs="0" name="OptionOrLeveraged" type="EMTYesNoNeutralType">
                              <xs:annotation>
                                 <xs:documentation>05050: Yes or No or Neutral</xs:documentation>
                              </xs:annotation>
                           </xs:element>
                           <xs:element minOccurs="0"
                                       name="PensionSchemeGermany"
                                       type="EMTYesNoNeutralType">
                              <xs:annotation>
                                 <xs:documentation>05070: Yes or No or Neutral</xs:documentation>
                              </xs:annotation>
                           </xs:element>
                           <xs:element minOccurs="0" name="StructuredSecurity">
                              <xs:complexType>
                                 <xs:sequence>
                                    <xs:element name="Hedging" type="EMTYesNoNeutralType">
                                       <xs:annotation>
                                          <xs:documentation>05040: Yes or No or Neutral
Only for structured Securities</xs:documentation>
                                       </xs:annotation>
                                    </xs:element>
                                 </xs:sequence>
                              </xs:complexType>
                           </xs:element>
                        </xs:sequence>
                     </xs:complexType>
                  </xs:element>
                  <xs:element name="MinimumRecommendedHoldingPeriod">
                     <xs:annotation>
                        <xs:documentation>05080: Minimum recommended holding period
RHP: Recommended Holding Period</xs:documentation>
                     </xs:annotation>
                     <xs:complexType>
                        <xs:choice>
                           <xs:element name="Years" type="xs:decimal">
                              <xs:annotation>
                                 <xs:documentation>Minimum recommended holding period in years</xs:documentation>
                              </xs:annotation>
                           </xs:element>
                           <xs:element name="Category">
                              <xs:annotation>
                                 <xs:documentation>V ... Very short term (max 1Y)
S ... Short term (max 3Y)
M ... Medium term (max 5Y)
L ... Long term (min 5Y)
H ... Hold to Maturity</xs:documentation>
                              </xs:annotation>
                              <xs:simpleType>
                                 <xs:restriction base="xs:string">
                                    <xs:enumeration value="V"/>
                                    <xs:enumeration value="S"/>
                                    <xs:enumeration value="M"/>
                                    <xs:enumeration value="L"/>
                                    <xs:enumeration value="H"/>
                                 </xs:restriction>
                              </xs:simpleType>
                           </xs:element>
                        </xs:choice>
                     </xs:complexType>
                  </xs:element>
                  <xs:element minOccurs="0"
                              name="IntendedCompatibleWithClientsHavingSustainabilityPreferences"
                              type="EMTYesNeutralType">
                     <xs:annotation>
                        <xs:documentation>05105: Discloses if the product is developed with the aim of being compatible with clients having ESG preferences. 
(Yes or Neutral).
There is no Negative Target Market</xs:documentation>
                     </xs:annotation>
                  </xs:element>
                  <xs:element name="OtherSpecificInvestmentNeed">
                     <xs:annotation>
                        <xs:documentation>05115: No, Islamic banking or Other
N...No, 
I... Islamic banking 
or O... Other</xs:documentation>
                     </xs:annotation>
                     <xs:simpleType>
                        <xs:restriction base="xs:string">
                           <xs:length value="1"/>
                           <xs:enumeration value="N"/>
                           <xs:enumeration value="I"/>
                           <xs:enumeration value="O"/>
                        </xs:restriction>
                     </xs:simpleType>
                  </xs:element>
               </xs:sequence>
            </xs:complexType>
         </xs:element>
         <xs:element name="DistributionStrategy">
            <xs:annotation>
               <xs:documentation>Target markets - Distribution Strategy</xs:documentation>
            </xs:annotation>
            <xs:complexType>
               <xs:sequence>
                  <xs:element name="ExecutionOnly" type="RetailProfessionalBothNeitherType">
                     <xs:annotation>
                        <xs:documentation>06010: Retail or Professional or Both or Neither</xs:documentation>
                     </xs:annotation>
                  </xs:element>
                  <xs:element name="ExecutionWithCheckOrNonAdvisedServices"
                              type="RetailProfessionalBothNeitherType">
                     <xs:annotation>
                        <xs:documentation>06020: Retail or Professional or Both or Neither</xs:documentation>
                     </xs:annotation>
                  </xs:element>
                  <xs:element name="InvestmentAdvice" type="RetailProfessionalBothNeitherType">
                     <xs:annotation>
                        <xs:documentation>06030: Retail or Professional or Both or Neither</xs:documentation>
                     </xs:annotation>
                  </xs:element>
                  <xs:element name="PortfolioManagement" type="RetailProfessionalBothNeitherType">
                     <xs:annotation>
                        <xs:documentation>06040: Retail or Professional or Both or Neither</xs:documentation>
                     </xs:annotation>
                  </xs:element>
               </xs:sequence>
            </xs:complexType>
         </xs:element>
      </xs:sequence>
   </xs:complexType>
</xs:element>