Structured products
Trade of the month: Digital payoffs
Digital options lead to two outcomes and are most commonly used with capital protected structured products.
Market snapshot
Market snapshot
Capital preservation the key in the Middle East, says Ahli United Bank
Keeping a lid on risk
An active approach to managing index-linked gilts will pay dividends
Active aggressive
Singapore's MAS responds to feedback on product regulation
The Monetary Authority of Singapore responds to feedback on listed and unlisted investment products.
BNP Paribas' new global head of structuring for equity derivatives is named
Jean-Eric Pacini has been named as global head of structuring for equity derivatives. Based in London, he will implement principles of the new GECD organisation
Ohmän poaches structured products team from Swedbank
Eight members of the structured products team at Swedbank in Sweden have joined Ohmän investment bank
Copper boosts physically backed commodity ETF market
The physically backed commodity ETF market is set to grow with the inclusion of Copper as JP Morgan and Blackrock file with the SEC
Eurostoxx 50 investors 'unintentionally making a bet on financials', according to research
Tobam's analysis of financial markets diversification suggests that eurozone indexes might not be as diversified as investors believe
EM investors should be wary of currency movements, says Payden & Rygel
Managing principals Robin Creswell and Kristin Ceva say currency volatility is a risk for local currency investments.
Russia to tap Islamic finance to help meet $1 trillion infrastructure bill
Russian corporates and infrastructure companies are increasingly turning to Asia and the Middle East to help meet their financing needs
Thai Islamic Bank head: Thai government may issue sukuk in 2011 after law change
Approval of new tax structures to facilitate sovereign Islamic bonds based on real estate holdings expected soon
Minor RMBS losses anticipated as foreclosure freeze wears off
Tranche holders likely to avoid large losses, but legal action threatens servicers
S&P launches market-weighted CDS sovereign index
S&P launches market-weighted CDS sovereign index
FTSE launches index linked to developed market currencies
FTSE launches index linked to developed market currencies
Islamic liquidity facility set to open in first half of 2011
Bank Negara Malaysia governor Zeti Akhtar Aziz says she hopes International Islamic Liquidity Management Corporation will open for business by June
Resource investments prove popular but remain relatively risky
Royal Bank of Canada is the only player in the issuance with its reverse convertibles, a handful of which are based on natural resources.
Lespinard resurfaces at Schroder IM
Lespinard resurfaces at Schroder IM
Tax uncertainty in the run-up to the US elections is bad news for structured products
As pre-election battles focus on the Bush administration's tax cuts and other economic issues, uncertainty regarding future tax levels is persuading many investors to remain in cash.
New value in Korean bond/swap basis play?
Upheaval in the currency markets as a result of fears of protectionist action by a number of emerging market countries to defend their competitive positions has created a raft of threats and opportunities in the financial markets, including a new play on…
US market split between emerging and developed equities
The latest structured products released in the US public market include a divergence of exposures, split between reverse convertibles and accelerated growth. Underlyings are dominated by US and emerging equities.
Anglo Irish makes exchange offer to sub debt holders
Ailing Irish bank Anglo Irish unveiled terms for a widely anticipated exchange of its subordinated debt on October 21. But could senior bondholders also see some pain?
US wrap: RBS favours precious metals reverse convertibles
Royal Bank of Scotland dominates the lastest US public issuance with its reverse convertibles, while precious metals hold their position as a popular underlying.
Debate swirls over merits of CoCos and bail-in debt
Banks are anxious to find cost-effective capital structures that will be attractive to investors and acceptable to regulators.