What is accrued interest?

Accrued interest is interest that has accrued on the Note but has not yet been paid. Interest accrues from the date the last interest payment was made until it is paid at the next interest payment date. Please note that interest continues to accrue on Notes even if they are in default but ultimately whether or not this is paid is dependent on whether the underlying loan or bond eventually becomes impaired.

Investing in wiseAlpha Notes involves risks including potential illiquidity and loss of investment. Our Notes are not deposit based or capital protected and are not covered by the Financial Services Compensation Scheme.The interest rate on our products is not comparable to that of a bank savings account. See Risk Statement.

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