The Bonus Pool
Warnings of the financial toxic waste in the German financial system have passed the country's relatively sophisticated retail structured products market by. A few tweaks and some lowering of coupons and barriers still leaves enough product to satisfy retail hunger. Richard Jory reports from SP Deutschland in Frankfurt
If in doubt, buy a bonus certificate. While the broader financial markets toy with the waves of volatility and a distinct lack of liquidity, Germany's structured products market drives on relentlessly. And the flavour of the day remains bonus certificates, products that pay out a bonus at maturity if the price of the underlying asset has not dropped to, or below a price threshold during the term.
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