B&K has arrangements with two leading international banks with FII registration under which investments made by a client can be routed through the Participatory Note structure of the international banks, who in turn execute purchases or sales through B&K.

Investors should note that the FII of repute, the FII of repute's custodian and the broker who executes P Note trades may all be required to disclose details of P Note trades to the Indian authorities, including the identity of the underlying client. P Notes should not be regarded as a means of circumventing the Indian Take-over Code.