What is the lowest counterparty credit rating you can sell to US retail investors, and has this changed in the past 12 months?
Randy Pegg, executive vice-president at Advisors Asset Management Structured Products in Colorado: We only allow banks that have a Single A rating or higher. We also look at the credit default swap (CDS) levels and in the case of certificates of deposit (CDs) we have requirements for a Veribanc rating of Green/* or higher. (The green colour code is applied if the bank's
The week on Risk.net, July 7-13, 2018Receive this by email