FDIC excludes structured notes from debt guarantee


The US structured products industry is preparing to lobby the Federal Deposit Insurance Corp (FDIC) after it excluded debt-based structured notes from its Temporary Liquidity Guarantee Program. The FDIC unveiled its plan to guarantee all newly issued unsecured debt by banks, thrifts and certain holding companies on October 15. It says the plan will not cover "derivatives, derivative-linked products, or debt paired with any other security," amid other exclusions.

"The line they have drawn is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net 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 individual account here