Dealers rue loss of US structured product issuance freedoms

The prized ‘well-known seasoned issuer’ status has been removed from a number of banks operating in the US in recent years – with frustrating consequences for their structured note programmes

Loss of WKSI status can weigh heavily on dealers' structured note programmes

It's the nightmare scenario that haunts every driver. Running late for an appointment and desperate to make up for lost time, you hit the accelerator going through a reduced speed zone. The police pull you over and issue a speeding ticket. This isn't your first. Next thing you know, a letter arrives in the post saying your licence has been revoked. At a stroke, your freedom to travel is drastically curtailed.

US-based structured product issuers are plagued by a similar anxiety. This concerns

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here