BNP Paribas hits back at Wall Street Journal structured products coverage

Quoting Janet Tavakoli, president of Chicago-based consultancy Tavakoli Structured Finance, the article asserted that firms are keen to sell notes taken into inventory on a secondary market basis because firms "like to get you to take this burden off their hands." This argument ignores the fact that many firms simply unwind the trade and redeem the note, the SPA says.

Troyanovsky countered the article in a note to clients by arguing that many issuers already provide "investors with products

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