Introduction

Banks are always looking out for 'The Next Big Thing' in structured products, and it seems Barclays Capital may have stumbled on it with its iPath exchange-traded note programme - at least, that appears to be the case judging by the number of rivals that have jumped on the bandwagon with launches of their own.

Exchange-traded notes (ETNs) are senior, unsecured debt securities of an issuer, designed to track a specified index. Key to their popularity in the US is a view that ETNs offer preferentia

To continue reading...

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 indvidual account here: