Gilliat Financial Solutions has launched a variable income product linked to the FTSE 100 Index that offers investors the chance to receive periodic coupons, the size of which depend on the number of trading days in each observation period that the index finishes above a specified level. The range condition is tested daily and the total accrued amount for the period is calculated at the end of each quarter.
Click here for supporting data charts and tables
A typical range accrual product pays inc
The week on Risk.net, July 7-13, 2018Receive this by email