Passport to Portugal

Structured products providers have been passporting structured products into Portugal since the EU Prospectus Directive was implemented in July 2005 Amanda Lee looks at how Portugal's mass retail market is taking to derivatives-based investments

Structured products providers usually tend to concentrate on the Spanish market when it comes to making the most of their Iberian business lines. But a few institutions, including ABN Amro, BNP Paribas and Citigroup, are now increasing their focus on Portugal's emerging retail structured products market. And about time too, considering the opportunities provided by the implementation of the EU Prospectus Directive in July 2005. The directive allows structured products to be approved in one