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The 2022 survey asked electric car owners who have wallbox chargers at home what they thought of them. Those surveyed answered questions across nine categories to bring you the best real-world insights on how some of the most popular chargers performed. The chargers were scored on criteria including ease of use, charging cost, reliability and customer service and the top three units are listed below. HSBC may be required, from time to time, to disclose the information to Governmental or judicial bodies or agencies or HSBC's regulators but HSBC will only do so under proper authority. HSBC will only collect the information that it believes to be relevant and required to understand the customer's financial needs and to conduct HSBC's business. In the case of investments for which there is not a recognised market it may be difficult for investors to sell their investment or to obtain reliable information about its value or the extent of the risks to which it is exposed. Interest by HSBC group members AiMAX varies its exposure to the Portfolio. As a result, exposure to the Portfolio may be limited and the performance of AiMAX may be adversely affected.
References to the 'HSBC Group' means HSBC Holdings plc, its subsidiaries and associated companies from time to time. The volatility-targeting feature may cause AiMAX to perform poorly during certain market conditions. HSBC will not disclose the information to any external organisation unless HSBC have customer consent or are required by law or have previously informed the customer. Some wallbox chargers have built-in screens, which show the settings and the energy being supplied. While this is easier than using an app, it can also be unsightly on the front of a house at night and may attract unwanted attention. How we tested themBefore you make any decision or take any action that might affect you or your personal finances or business, you should always consult a suitably qualified professional adviser(s) to obtain appropriate financial, legal, accounting, tax and other advice. Investment performance AiMAX is an excess return index. The return of AiMAX is determined by reference to the performance of the Portfolio (as adjusted based on the applicable exposure) in excess of the performance of a reference rate, the USD 3-month LIBOR rate. The level of AiMAX also reflects an embedded index fee of 0.75% per annum, deducted daily, and a transaction cost of 0.02% of the relevant change in the composition of the Portfolio and/or exposure of AiMAX to the Portfolio, as applicable, deducted every time such composition or exposure is adjusted, which is expected to occur daily. The performance of the reference rate, the embedded fees and the transaction cost will offset, in whole or in part, any positive performance and increase any negative performance of AiMAX. As a result, any return on AiMAX may be reduced or eliminated. When AiMAX is uninvested (i.e. the exposure to the Portfolio is less than 100%), the negative effect of the embedded fees and the transaction cost will be magnified, and the return on AiMAX may be negative even while the level of the Portfolio increases.
Your personal data may be disclosed or transferred worldwide to agents or third parties authorised to act on our behalf or other members of the HSBC Group or to third parties including our subcontractors, for the purposes of: providing services to the company/organisation that you represent and/or for servicing and/or developing our relationship with that company/organisation or you, verifying your identity, preventing and detecting crime and complying with appropriate governmental and non-governmental regulators or ombudsman. The Index is an excess return index, which reflects the Index return less the cost of funds, an index maintenance fee of 0.75% per annum, subtracted daily, and a transaction cost of 0.02%, deducted daily.Following an extraordinary event described in AiMAX’s methodology, such as an ETF being delisted, liquidated or otherwise terminated, that ETF will be replaced by a successor ETF whose underlying commodities are same as those of the replaced ETF or whose underlying index is the same as used in the replaced ETF or an index using, in Solactive AG’s determination, the same or a substantially similar method of calculation as for the underlying index for the replaced ETF. There can be no assurance that such a replacement will not have a material adverse effect on the levels of AiMAX. It’s certainly good value – especially when you take advantage of offers from British Gas – but it’s not the prettiest, resembling a hand dryer, and it’s bigger than the other chargers in the test. The benefits come when you integrate with the Hive app to automatically charge when it’s cheapest. But if you don’t need the Hive functions, there are better chargers. If you have solar power integration at home the charger can be told to only take the ‘free’ energy being generated by your panels and won’t top your car up from the grid. All of the chargers we tested had built-in timers which let you take advantage of cheaper overnight electricity tariffs as well. If you are looking for value rather than style, then the Rolec is temptingly priced. The EVIOS offers a degree of futureproofing if you have solar or intend to install it, and the option to allocate costs to users. Potential investors in any financial instrument of which AiMAX is an underlying need to be aware that any determination or calculation made by Solactive AG may affect the level of AiMAX and, as appropriate, the performance of any instruments linked to the performance of AiMAX. Solactive AG has no obligation to consider the interest of investors in any such instruments when making any determination or calculation. Such discretion in the decisions taken by Solactive AG (in the absence of manifest or proven error) are binding on all investors and holders of such instruments.
Solactive AG has the authority to determine whether certain events affecting AiMAX have occurred including, but not limited to, events affecting the reference rate or the ETF constituents of the Portfolio. Our Driver Power car customer satisfaction survey is a great complement to our expert electric car home charger product test above and may help you understand what can be a confusing marketplace. Note that particular products and services provided by any member of the HSBC Group may have their own terms and conditions which will form the legal agreement between you and that member of the HSBC Group. You should carefully read such terms and conditions before obtaining the product or service from that member of the HSBC Group. Choosing an EV charger can feel even more complicated than buying a new car, with different manufacturers signing up with preferred partners to offer discounts and try to make the process as easy for customers as possible. It’s always worth shopping around and giving yourself more choice on charger spec and potentially saving some money in the process. Driver Power 2022 home EV chargers verdict It is currently anticipated that after the USD 3-month LIBOR is no longer published, the secured overnight financing rate ("SOFR") would be the replacement rate for USD 3-month LIBOR. If available at that time, forward-looking SOFR with a term of 3 months ("Term SOFR") would be the most likely replacement rate. However, it is unknown if Term SOFR will be available at the time of a USD 3-month LIBOR cessation. If Term SOFR is not available at that time or Solactive AG determines that Term SOFR is not the appropriate substitute or successor rate, another calculation of the SOFR rate or another rate may be used, depending on what the industry accepted successor rate for USD 3-month LIBOR is at that time. There can be no assurance that the use of a replacement rate for 3-month USD LIBOR will not have a material adverse effect on the levels of AiMAX.
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References to ' HSBCnet E-Channel Terms and Conditions' are references to the terms and conditions which govern the use of the HSBC net E-Channel. The strategy of the AI models and return forecasting, and therefore AiMAX, is not guaranteed to be successful. It is impossible to predict whether and the extent to which any ETFs comprising the Portfolio will yield positive or negative results. HSBC may sell securities to or buy them from customers on a principal basis and may also perform or seek to perform investment banking or underwriting services for or relating to those companies. This material may not be reproduced or further distributed, in whole or in part, for any purpose. No warranties AiMAX allocates exposure to the Portfolio based on two measures of realized volatility. Realized volatility is not the same as implied volatility, which is an estimation of future volatility, and may better reflect market volatility expectation. Because exposure is adjusted based on historic levels and trends, AiMAX may not meaningfully reduce its exposure to the Portfolio until a down-turn has already occurred, and by the time reduced exposure does take effect, the recovery may have already begun.
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