Structured products award for innovation of the year - JP Morgan credit equity tarn



JP Morgan was arguably the first bank to integrate its exotic interest rate, credit and equity businesses to present a common platform to clients. It completed the global project in early 2004. And while other dealers appear to have replicated much of JP Morgan’s infrastructure, the US bank is still at the cutting edge of innovation in complex products.

Given the challenging market environment of low interest rates, tight credit spreads and static equity markets in 2004, the sale of stand-alone