Structured Products Americas: greater industry co-operation needed

Calling for an industry-wide nomenclature to be established, he pointed to reverse convertible notes as an example of confusing discrepancies. A reverse convertible note is a medium-term note linked to a single stock or a basket of stocks. A typical tenor is one-year and the products are often offered with some amount of principal protection. But different dealers call the same products different names, such as Revertibles, Rex’s and Recons.

John Radtke, an executive director at Incapital, a

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