The mystique of structured products

Editor's letter

dunbar-gif

The session of the Greek parliament on 3 May 2007 was an especially stormy one. A few days earlier, the minister for employment had been forced to resign, and the socialist opposition smelled blood. Why, clamoured the socialist MPs, had the finance ministry hired the international bank JP Morgan to package loans linked to military procurement in the form of structured notes linked to constant maturity rates?

JP Morgan had sold the notes to a London hedge fund, North Asset Management. After

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

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