Editorial: define complex
Editorial: define complex
It goes without saying that the definition and interpretation of the word ‘complex' should be a complicated exercise. But for structured products and all those that market them, its meaning has become ever more crucial. When structured products were first created, they were famous for their complexity, consistently offering some kind of structuring kink or access to new and exotic underlyings that made the sales process for investments so much more interesting than it had been previously.
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