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.
Priips stakeholders in final push for German-style risk ratings
European authorities’ risk scale “too conservative”, says trade body
Structured Products Americas Awards 2016: call for entries
Entries close on February 26 - read on for entry instructions
Dealers tout bond repacks to bridge TLAC issuance gap
G-Sibs see repacks as possible substitute for structured notes
FSB’s Andresen: liquidity risks were underpriced pre-crisis
Top staffer at FSB addresses liquidity, bank risk data and securities financing risks in a wide-ranging interview
HSCEI autocallable hedging hitting forex market, say dealers
Dealers flock to Hong Kong dollar options and forwards markets amid depeg fears
Equities slump could favour defensive structured products
Products with defensive strikes allow investors to make gains in falling markets
Corporates face 'disaster' on renminbi Tarfs, say traders
Some companies "may run out of cash"; regulators said to be looking at new restrictions
FVC review: Reyker offers six-year FTSE 100 digital plan
Royal Bank of Canada product features defensive strike of 80%
US dividend tax breaches international treaties, say lawyers
Section 871(m) rules “full of holes”, say dealers
FVC review: SG launches FTSE 100 product with defensive strike
Product would have beaten index tracker nearly twofold over past six years
US may target ETFs for collateral add-ons
Credit risk in creation and redemption process singled out by Finra
Sliding HSCEI threatens fresh autocallable losses
Banks nervy as index approaches key options barrier
Dealers fear death of dividend risk premia strategy
Shrinking dividend futures premium hurting investors
Investec bets on defensive products
New head of intermediary distribution sees opportunities in UK pension reforms
FVC retrospective: Meteor autocall pays consistent coupons
Annual growth in FTSE 100 saw product deliver income stream in each year
FVC retrospective: RBS income product delivers on rising US market
Investors get 8% coupon as underlying index maintains year-on-year growth
FVC review: Morgan Stanley launches four-year EM-linked contract
High payout balanced by small buffer offers bullish investors considerable return potential
FVC review: Mariana structured note offers range-bound income
Coupons could surpass risk-free rate but indexes must remain within defined range
Proprietary indexes: private products face public scrutiny
Post-UBS enforcement action, what next for custom indexes?
How ‘worst-of’ strategies can outperform index-linked products
Stock-based structured products can outperform index-linked counterparts but rigorous analysis is key
Small banks face rate options valuation model change
Negative rates causing pricing model rethink
Interview: Dutch regulator on leveraged ETF review
Following clampdown on leveraged ETFs in 2013, Autoriteit Financiële Markten launches second review of sector
Priips risk indicators under fire from industry
Regulators ignored expert recommendations, lobbyists say
Dealers baulk at new SME derivatives rules
Priips to force banks to publish cost analysis of corporate trades