Climate Futures Savings Plan

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.

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

The PEAC may also be opened for a minor child by one of its parents.

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

But, when opening the plan, you can also choose a due date that comes before your 30th birthday. You can change this date at any time.

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
• The 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.

The ceiling for payments to the Climate Future Savings Plan is €22,950.

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.

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.

The Climate Future Savings Plan (CFAP) is frozen for one year. 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 as long as you are at least 18 years old.

Withdrawals or redemptions do not result in the plan being closed, but it will no longer be possible to make payments to the plan.

The PEAC is automatically closed on December 31 of your 30th birthday.

By way of exception, before reaching the age of 18, a withdrawal is possible if the holder is disabled or after the death of one of his parents. To do that, you have to send a certificate of honor to the organization that manages the plan to justify the situation.

It is possible to transfer your savings from a Climate Change Savings Plan (PEAC) to the same plan opened at another financial institution.

The transfer may incur a fee. They are capped at 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.

The new plan must comply with the investment profile of the original plan.

The sums saved in the Climate Futures Savings Plan can generate gains, as the value of the securities in which these sums have been invested increases.

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

You have an obligation to report on your income tax return net realized gains, even if they are tax exempt.

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