Taxing times for ETNs

Exchange-traded Notes


US dealers have been caught by surprise by the success of the exchange-traded note (ETN) market. Ever since the first ETN was launched by Barclays Capital in June 2006, volumes have climbed at breakneck pace, reaching $4 billion as of October 2007, according to the Securities Industry and Financial Markets Association. Keen to build market share, a handful of rival dealers have jumped into the market, with Credit Suisse, Goldman Sachs, Lehman Brothers and UBS all launching ETN programmes of thei

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: