Product round-up


Merrill Lynch has launched a two-year euro certificate that offers an annual return based on the average temperature in Roma-Ciampino, Italy. The certificate is 100% capital-protected and offers a temperature-contingent coupon of up to 16% annually. "This product enables investors to get easy access to this alternative 'asset class'," says Jens Boening, head of EMEA weather derivatives structuring at Merrill. "At the same time, it enables agricultural, commercial and retail clients in Italy, who

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