Structured products
Jubilee asks after Keydata Investment Services
Jubilee Financial Products has approached Keydata Investment Services, through its insolvency administrator PricewaterhouseCoopers (PwC), with an expression of interest to buy the company.
US Wrap: Gas and gold in reverse convertibles
Barclays Bank has issued a reverse convertible note offering exposure to the US Natural Gas Fund, which tracks the movements of natural gas prices. The note lasts one year and pays an annualised coupon of 20%. It will convert into stock if the fund slips…
Swiss trade body unveils product risk classifications
The Swiss Structured Products Association is to launch a new online risk classification system for all listed structured products in Switzerland from the beginning of July. Products will now receive an SSPA risk rating based on the value at risk of the…
CDS: Spreads narrow on improved sentiment
Credit default swap 5-year mid-levels for structured products issuers (June 9)
Deloitte survey finds risk management weaknesses
Despite the credit crisis, financial institutions are still showing risk management weaknesses in areas such as stress testing and model validation, according to an annual risk management survey conducted by Deloitte.
Banks repay $68bn in Tarp funds to US Treasury
Ten of the largest US financial institutions that have received public funds under the Troubled Assets Relief Program (Tarp) scheme are to pay back $68 billion after they were approved to reimburse the funds to the federal government yesterday.
Industry opposes mandatory clearing
Compulsory central clearing is not a one-stop solution to the problems of the derivatives markets, and could end up crippling the industry, warned speakers at an industry event in London on Tuesday.
CDS: Spreads tighten on better-than-expected US jobs data
Credit default swap 5-year mid-levels for structured products issuers (June 5)
Blue Sky offers autocalls with growth and income
Blue Sky Asset Management has launched growth and income auto-call plans - designed to take advantage of low interest rates.
NDFA offers six-year deposit product
NDFA, the UK provider of structured products, has launched a six-year deposit product offering the potential for 50% fixed return.
Bassi takes up the helm at the European Commission
Ugo Bassi has been appointed head of unit for asset management in DG Markt, replacing Niall Bohan, and in turn will take over the lead for the discussion of structured products in the context of other retail investment products in Europe.
CDS: Spreads widen on rate hike fears
Credit default swap 5-year mid-levels for structured products issuers (June 8)
Keydata placed in administration by FSA - update
Keydata Investment Services Ltd has been placed into a speedy administration by the UK Financial Services Authority on the grounds that it is insolvent. All new business has been suspended and a temporary suspension of payments on policies has been…
Treasury silent on Tarp as banks submit $75bn SCAP capital plans
The 10 financial institutions identified as requiring additional capital under the US Treasury's Supervisory Capital Assessment Program (SCAP) economic stress tests have submitted plans describing how they intend to raise almost $75 billion in funds to…
Keydata kicks out once more
Keydata, the UK structured products distributor, has launched two structured products designed to give exposure to the FTSE 100 index. The first, the five-year Annual Kick-out Plan Issue 2, will automatically redeem on its first anniversary paying out 9%…
Walker Crips launches first growth product
Walker Crips Structured Investments (WCSI) has launched its first growth product on the retail market. The Annual Growth Plan, a non-capital protected plan, provides exposure to the FTSE-100 index. The three-year kick-out plan offers a return of 10% a…
HSBC launches new range of structured plans
HSBC Life has launched a new range of structured plans for the UK pensions market, which promises to give 100% capital protection and lock in the highest value achieved during the lifetime of the plan whilst exposed to global equity markets. The HSBC…
US Wrap: Out comes Barclays again, with plethora of reverse convertibles
Barclays Bank's set of product offerings bloomed as the issuance week in the US as the week drew to a close. The UK bank produced a sequence of reverse convertibles that concentrated mainly on energy stocks, although with many other sectors represented:…