Lehman Brothers launches new FX products in US

Lehman Brothers has launched three new principal protected notes (PPNs) in the US. Two of the products are currency-linked investments which allow investors to benefit from further weakening of the US dollar, while the third is based on a hard and soft commodity basket.

Each of the foreign exchange structured investments is linked to the positive performance of different emerging markets currencies in relation to the US dollar. The two-year LatAm FX Basket PPN, offers investors a 275% participation rate in the performance of a basket containing the Brazilian Real, and the Argentine, Mexican and Chilean Pesos. Lehman has also released a four-year FX-linked product, offering 110% participation in the positive appreciation of the Indian Rupee and the Chinese

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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