Structured products
WHAT IS THIS? Structured products are investments that have multiple components. For retail investors, the most common form is a bond plus an option – these tend to be standardised, sold in small tickets and large volumes. Managing the risks of large structured products portfolios is one of the biggest challenges dealers face.
Thai equity derivatives market to double
Demand from corporate and private bank investors to drive growth in Thai structured product market
No kickout for UBS autocallable note but returns beat direct investment in the underlying
UBS sold an optimised autocallable structured note to US investors in February 2012 that has so far not kicked out but has paid back better than a direct investment in the underlying, the stock of Haliburton
Thailand insurers shun interest rate derivatives for RBC liability hedging
Derivatives and structured products remain unpopular with Thai insurers looking to hedge their liabilities following the introduction of a risk-based capital framework
Editorial: Asia’s political economy
The shaping force of today's financial markets is politics
Uridashi losses put at $500 million after Nikkei rebounds
When the Nikkei slumped last May, banks were forced to sell volatility to protect positions built up through the sale of uridashi products – leaving many with losses. A rally in the index at the end of the year inflicted further pain. In total, the…
SEC says crucial information being withheld from investors in structured notes
In its latest letter, the SEC orders banks to highlight the difference between fair market value and issue price to help investors see what their investment is worth
Editor's letter: The trouble with credit
Editorial
Trade of the month: Emerging markets underlyings
Trade of the month: Emerging markets underlyings
Market snapshot: Reverse convertibles back on top in the US
Market snapshot
Citi loses Asia structured products head as restructure rolls on
Harold Kim mulling other opportunities at the bank
Dividend-based ETPs stage a comeback
This year has seen a revival of interest in dividend-based exchange-traded products as investors continue their search for yield
Chinese equity derivatives master agreement close to being finalised
Securities firms in China have begun trading OTC equity derivatives, with a final master agreement expected soon
SEC closes in on sweep guidance for structured notes estimated value disclosure
The SEC will soon send issuers final guidance on structured note valuation disclosure, following a sweep letter sent last April
Growing popularity of renminbi heralds more structured products linked to the currency
The renminbi appreciation society
Interview: S&P Dow Jones Indices' Alex Matturri on bringing two big brands together
Doubling up for innovation
New platform launched for IFAs selling UK retail structured products
Wrappers' delight
Market snapshot
Market snapshot
US certificates of deposit losing their shine in testing times for capital protection
Falling out of love with protection
Structured notes to surpass CDs this year, finds survey
A survey from Incapital finds that industry participants expect structured notes to overtake certificates of deposit in 2012