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.
Reverse convertibles dominate as US supply slows
Seven structured products were registered with the SEC on March 12, with reverse convertibles from UBS leading the way
UBS offers lion's share of latest structured products registered in the US
Thirty-one structured products were registered with the US Securities and Exchange Commission on March 9, with UBS providing nine autocallables and reverse convertibles
Wells Fargo issues correlation structures and keeps up with longer tenors
Two of the latest structured products Wells Fargo has registered in the US public market are based on multiple underlyings, making a play on correlation. The supply registered with the US Securities and Exchange Commission on March 8 includes 88 new…
Goldman Sachs extends tenors in the US with five-year principal-protected note on the DJIA
A mass of new structured products registered in the US public market are dominated by HSBC and UBS, though Goldman Sachs stands out in terms of tenor with its five-year capital-protected note
Bank of Montreal offers glimpse of sunny returns
Bank of Montreal and Goldman Sachs revive somnabulant US public issuance market with racy reverse convertible and leveraged return note
Vote now in the 2012 Risk Brasil derivatives survey
Risk's annual poll on Brazil's derivatives markets, including interest rates, currency, equity and other categories
The challenge of standardising sharia compliance
Seeking harmony
Theam puts the stress on customisation
The next step
Structured Products Espana: Grappling with regulation
The hunt for silver linings
Product performance
Product performance
FVC custom indexes
FVC Custom Indexes
Unicredit note offers capped returns on Euribor
At a sprint
HSBC goes for digital growth on the DJIA
Buffered performance
Institutional investors to favour more active, smart beta approach to commodities
Seeking performance while at the same time increasingly needing to control risk makes smart beta thematic index approaches such as low volatility, minimum variance and risk-weighted strategies increasingly appealing to institutional investors allocating…
Structured Products Technology Rankings 2012
Shuffling the pack
Six Swiss Exchange opens Cosi listings to UK banks
The exchange will allow UK banks to issue products using its collateral secured investments (Cosi) service from the UK. Germany is also expected to be on the list to receive the extended service
HSBC voted best for retail structured products in Greenwich Associates survey
HSBC leads the Greenwich Associates survey rankings for retail structured product quality, while Barclays Capital has the best-known franchise among distributors and BNP Paribas retains top spot in Europe
Financial market shake-up in Spain triggers changes in retail structured product wrappers
Fiscal and regulatory reforms announced by the new Spanish government have led market participants to rethink wrappers and product maturities, with growth and fund-linked products likely to benefit
Chan and Bakshi step in as Lee leaves Deutsche’s Asia structured products team
Susan Chan and Neha Bakshi take over structured products structuring and sales at Deutsche Bank in Asia following Chris Lee's departure
Nasdaq proposes new rules to challenge NYSE ETP dominance
Nasdaq is attempting to be a more competitive player in the exchange-traded products market by proposing new listing rules based on those of the New York Stock Exchange
Lower interest rates to 'significantly impact' emerging markets currency debt performance
Amid a surge in demand for exposure to emerging markets currency debt from private investors, HSBC Private Bank prefers building structured products around Asian assets to emerging Europe
Shorter supply chains ease the effect of regulatory pressures on private banks
Shorter supply chains mean UK private banks will feel the effects of regulation less than retail banks