CBBCs = Callable Bull/Bear Certificates

CBBC are structured products.  They are leveraged investments that track the performance of the underlying assets without requiring investors to pay the full price required to own the actual assets. They are issued either as Bull or Bear contracts, allowing investors to take bullish or bearish positions on the underlying assets.

CBBC are short-term to medium-term notes that are settled in cash. They are issued with the condition that during their lifespan they will be called by the issuers when the price of the underlying assets reaches a level specified in the listing document.  If the Call Price is reached before expiry, the CBBC will expire early and the trading of that CBBC will be terminated immediately.