While it is true that most structured products are linked to a single underlying, there are also a significant number that depend on more than one underlying. These include simple basket products and more complex offerings such as ‘best of’ or ‘worst of’ products.
There is a fundamental distinction between the basket and other correlation products, which are more exotic in nature. Any product that depends only on the level of the basket is classified as a simple basket product, otherwise the stru
The week on Risk.net, July 7-13, 2018Receive this by email