All power to PRDC notes

Forex structured products

For the past few years, the power-reverse dual currency (PRDC) note has been by far the most widely traded and liquid structured investment product in the Japanese market. Current annual volumes are estimated at between ¥1.5 trillion and ¥2 trillion ($12 billion–$16 billion), with no sign of diminished growth even as investor appetite for risk declines in many other markets. This article looks at the origins of the PRDC note, why it has been so successful, and what the basic structur

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: