Lehman restructured

In the three weeks following the bankruptcy of Lehman Brothers, the structured products market descended into a frenzy of pricing and restructuring. Two types of Lehman structured trades were affected by the collapse - those for which it acted as the hedge counterparty or dealer in an over-the-counter contract, and structured products issued by the defunct bank. Former counterparties to Lehman were forced to source new hedges while retail investors in Lehman-issued products were left holding dis