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.
RMB fall forces Chinese corporates to rethink hedges
Exporters dump forwards; others hedge for the first time
Hartmoor eyes UK structured deposits market
Start-up to challenge Investec and Societe Generale for share of growing retirement market
Dealers trash Section 871(m) reforms
Controversial tax reforms would foist “unworkable” compliance burdens on firms
FVC review: Investec launches capital-protected FTSE 100 note
Product offers 17% maximum return but investors’ capital is protected
HSCEI Korea structured product losses spark regulatory fears
Potential losses for global banks and local firms estimated at $300 million
Deutsches Risk Rankings 2015
Commerzbank tops Deutsches Risk rankings for second year in a row
Commodities house of the year: Societe Generale
An innovative approach in tough market conditions has allowed Societe Generale’s clients to increase commodity exposure when many were pulling back
Malaysia house of the year: CIMB
CIMB boosts market share in Malaysia with nimble strategy
Structured Products Asia Awards 2015: The winners
HSBC takes crown with strong showing in a turbulent period for Asian issuers
Technology vendor of the year: Numerix
Flexibility and high-performance processing drive adoption of CrossAsset platform
Bank technology provider of the year: BNP Paribas
Proprietary structuring and pricing services win bank acclaim
Australia house of the year: Societe Generale
Synergy with futures broker Newedge has delivered innovative structures
Taiwan house of the year: BNP Paribas
French bank made waves with pioneering structured note issuance
South Korea house of the year: UBS
UBS draws on global expertise to craft products linked to Europe and China for yield-hungry investors
Japan house of the year: Credit Suisse
Bank earns praise from clients as “creative counterparty”
Index provider of the year: S&P Dow Jones Indices
Offering expanded product range and better access to Chinese bonds helps S&P take top spot
ETF provider of the year: Deutsche Asset & Wealth Management
Diversification into new underlyings and commitment to client education sees Deutsche AWM win
Deal of the year: Societe Generale
Bank capitalises on relaxation of rules in Formosa bond market
Interest rates house of the year: Societe Generale
Multi-asset capability and broad reach boosted product development and range
Editorial: Innovation the watchword in Asia
Structured Products Asia Awards highlight the region’s immense capacity for innovation
FVC retrospective: Morgan Stanley’s defensive autocall matures early
Kickout triggered after one year, outperforming peer group
Unpicking risk in the Priips framework
Lack of precision leaving little time to finalise technical standards
EU risk ratings for structured products divide issuers
Consultation responses expose fault lines between banks and insurers
FVC retrospective: Dunbar Bank investors get protection at a price
Capital-protected growth product balanced limited downside with underperformance of UK benchmark