Feature
The value of consistency
Credit Suisse invited industry leaders to take part in a forum to discuss market-consistent embedded value and its use as a tool for understanding liabilities in these choppy markets
Barclays launches first mining linked plan
Barclays Wealth has launched its first mining themed structured product for investors wanting to position themselves for an economic recovery. The Mining Stocks Supertracker Investment Note gives exposure an equally weighted basket of mining stocks with…
RBS poaches trader Chang from Barclays
Royal Bank of Scotland (RBS) has hired Kevin Chang as head of equity derivatives strategy in Asia, as the government-backed bank continues to aggressively expand into the institutional derivatives space.
CDS: Spreads narrow in a thin market
Credit default swap 5-year mid-levels for structured products issuers (June 25)
Nomura offers protective safeguards with Flexis
Nomura has launched Flexis, a new structured product that offers protective safeguards to calm the default, valuation and liquidity concerns of investors. The predefined process for the resolution if an arranger defaults - in the form of resilience…
Source adds three to exchange-traded product platform
Source, the exchange traded product provider has expanded its platform with the addition of three new partners, notably Nomura and also Banca IMI and IMC Group from Italy.
CDS: Spreads widen for second day
Credit default swap 5-year mid-levels for structured products issuers (June 23)
RBS teams up with Trader Vic to launch multi-asset index
Victor Sperandeo, chief executive officer of Enhanced Alpha Management and the Royal Bank of Scotland have partnered to launch a new long short strategy index designed to deliver absolute returns. The Trader Vic Index (TVI) is a managed futures index…
CDS: Widen on recession concerns
Credit default swap 5-year mid-levels for structured products issuers (June 22)
US Wrap: Barclays Bank leads the pack with riot of reverse convertibles
Barclays Bank issued 27 new reverse convertibles in the US market last Friday, continuing the resurgence of the structure. Wachovia launched five of the same, using the external credit of Eksporfinans. Morgan Stanley launched an accelerated growth note,…
Neave leaves Keydata to lead new SP business at Arbuthnot
Adrian Neave, corporate development manager at Keydata has left the newly insolvent UK structured products distributor to join the Arbuthnot Banking Group, to lead the launch of a new structured products distribution business.
CDS: Spreads narrow ; market eyes economic data
Credit default swap 5-year mid-levels for structured products issuers (June 19)
US Wrap: Reverse convertibles vanish from end of week offering
The dominance of reverse convertible structures this week came to an end yesterday, when only a single growth and one kick out structure were issued. Royal Bank of Canada launched the latter, offering investors exposure to the S&P 500 index over 18…
US Wrap: UBS joins reverse convertible action
UBS continued the run of reverse convertibles in the US market, adding three to the 27 notes already issued this week by an assortment of providers. Some of the more popular equities are making second appearances: Freeport, Schlumberger and JP Morgan…
Nayak takes up global structuring at Deutsche Bank
Ram Nayak has been appointed head of global markets structuring at Deutsche Bank, taking responsibility for Deutsche's multi-asset class structuring capabilities across product and coverage businesses. Nayak will take over some of the responsibilities of…
CDS: Spreads rally for first time this week
Credit default swap 5-year mid-levels for structured products issuers (June 18)
Troika Dialog issues capital protected notes in Russia
Troika Dialog closed the book earlier today on its first issue of capital protected notes in Russia. The Troika Index Bonds were issued by a special purpose vehicle - OAO Troika Invest - and incorporate a binding offer from by Troika Dialog Investment…
CDS: Spreads widen again; S&P downgrades 22 US banks
Credit default swap 5-year mid-levels for structured products issuers (June 17)
US Wrap: Providers scramble to launch reverse convertibles
Three different providers launched reverse convertibles into the US market yesterday, racking up a total of 13 of the structures. JP Morgan, Barclays and ABN Amro all launched notes, most included metal producers Alcoa and US Steel, and financials Wells…
Pure Capital offers targeted negative correlation
Pure Capital, a New Zealand-based quant hedge fund manager, has launched a new open ended fund which aims to provide protection similar to a structured product but make money in both rising and falling markets, replicating the standard strategy adopted…
Carbon copies from Croci
The financial crisis generally puts paid to all things environmental, but not now. Deutsche Bank has just launched to retail and institutional investors two new Ucits III funds based on "a stock portfolio of attractively valued companies with low…
CDS: Spreads widening trend continues
Credit default swap 5-year mid-levels for structured products issuers (June 16)