The Climate Futures Savings Plan (CFAP) is a medium- to long-term savings product.

It is reserved for young people under the age of 21 and is intended to enable them to invest in financial securities of businesses or organizations that finance projects in the field of the green transition.

The PEAC can take one of two forms:

• Securities account with a cash account associated
• Capitalization contract.

The capital invested in the Climate Futures Savings Plan is not guaranteed.

You may incur losses as the market evolves, and in that case, you risk losing some of your capital.

To open a Climate Future Savings Plan (CAFP), you must have under 21 years and reside in France.

If you are a minor, the opening of the PEAC must be done by one of your parents or by a legal representative.

You have the right to keep the PEAC until the age of 30 years, the date on which it will be automatically closed.

But you can also choose a due date that comes before your 30th when the PEAC opens^eme birthday.

You can open the Climate Future Savings Plan (CCEP) from one of the following organizations:

• Credit institution
• investment company
• Insurance company
• Mutual societies and mutual societies
• Provident Institution and Union of Provident Institutions.

The PEAC shall be opened by a written contract.

The institution must inform you before the contract is signed, for each asset in the plan, of the following:

• Performance Before Charges Are Posted
• Performance after charge recognition
• Amount of charges levied
• Amount of fees to be collected for the financial management of the plan

It is not possible to open multiple Climate Change Savings Plans (CCEPs). You have the right to open only one PEAC.

The Climate Future Savings Plan must be fed with cash.

There are no periodic amounts imposed, you can pay money to your PEAC at any time, depending on your availability.

The cap on the Climate Futures Savings Plan is €22,950.

The money you save on the Climate Future Savings Plan (CFAP) is invested in securities of businesses or organizations that finance green transition projects.

Securities that support the PEAC shall display the ISR label (Socially Responsible Investment) or the France green finance label.

You can choose to have the financial organization manage your savings allocations by choosing the managed management.

As part of pilot management, the organization must invest your savings to reduce financial risks as the plan approaches its maturity date.

From 2 years before the expiry date of the PEAC, the organization shall be obliged to limit 30%of the portfolio the share of assets that present a high risk of loss.

But you can also choose to manage your savings allocations yourself, by choosing the system of the free management.

If you choose the open-ended management system of your PEAC, you will first have to choose the securities in which you wish to invest your savings, and in what proportion.

In addition, you will also have to make the periodic trade-offs that optimize the return on investment: selling low-yield or late-stage securities, buying promising-yield securities, etc.

The institution with which you have opened the Climate Future Savings Plan (CSEP) should inform you regularly about the status of your plan.

The institution must provide you once a year, for each asset in the plan, with the following:

• Performance Before Charges Are Posted
• Performance after charge recognition
• Amount of charges levied
• Amount of fees received for the financial management of the plan.

Your Climate Future Savings Plan (CAFP) payments are locked in for a 5-year period.

During this period of 5 years after the opening of the plan, you cannot make a withdrawal.

At the end of the 5-year freeze period, you will be able to make a withdrawal from the PEAC if you are at least 18 years old.

If you have not yet reached the age of 18 at the end of the hold period, you will have to wait until you are 18 before you can withdraw from the PEAC.

If you withdraw, the plan is not closed, but you will not be able to continue making payments until the due date.

There are cases where withdrawal is allowed before the end of the blocking period.

You can withdraw money from the PEAC before the end of the hold period if you are disabled or if one of your parents has died.

The money saved in the Climate Future Savings Plan (PEAC) can yield gains when the value of the securities in which it was invested rises.

These gains are exempt from income tax and social security taxes.

If you die before the end of the freeze period, your Climate Future Savings Plan (PEAC) will be closed and your rights-holders will be able to recover the accumulated savings.

It is possible to transfer your savings from a climate futures savings plan to a same plan open in another financial institution.

The transfer may give rise to charges which shall not exceed 1% the rights you have acquired in the PEAC.

There is no transfer fee when the PEAC is over 5 years old and you are at least 18 years old.