DBS Bank aims to compensate investors in event of missell

In Singapore DBS sold High Notes 5 products, first-to-default credit-linked notes which referenced eight entities of which Lehman was one. The US investment bank’s bankruptcy triggered the early redemption of the notes and a subsequent unwind of the product. In Hong Kong DBS was one of the distributors of the Constellation Structured Retail Notes series, which also used Lehman as a reference entity. The final valuation of the notes will be completed by 31 October 2008.

The bank, which has warned

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