Analysis
The impact of Basel III on systemic risk and counterparty risk
Market analysis: Basel III
How ECB repo changes will affect new securitisations
Funding games
The limitations of using correlation in default prediction
Market analysis: Correlation and default
Product performance
Product performance
FVC Custom Indexes
FVC Custom Indexes
Market snapshot
Market snapshot
Trade of the Month: Volatility as an asset class
Trade of the Month: Volatility as an asset class
The magnetic attraction of the Flash Crash
Flash crash physics
Basket products still in vogue as maturities get longer
Structured products offered to the US market are becoming more diverse in terms of the assets they track, but a harsh structuring environment is causing providers to extend maturities.
Goldman Sachs offers accelerated exposure to international equities
US issuance shifts from domestic to international equities, while the participation rate for the latest Goldman Sachs offering hits three times the returns of the MSCI EAFE Index.
Real estate emerges as a theme for US structured products
Real estate is gaining popularity as an underlying, with a handful of products tracking iShares Dow Jones Real Estate Index fund in recent issuances.
Small and mid-cap domestic equities on offer to US investors
While US equities continue to dominate the issuance, products have diversified into small and mid-cap indexes.
Domestic equities dominate index-linked issuance in US
US equities were the major theme in index-linked issuance at the end of last week, although diversification away from the S&P 500 was on offer from some providers.
IEA slashes Gulf of Mexico supply forecasts
Repercussions from the BP oil spill force the International Energy Agency (IEA) to slash supply forecasts.
Oil market recovery hinges on China
Oil market recovery will rest mainly on China for the next 15 years, says the International Energy Agency (IEA)
Tenors stretched as banks struggle to structure products in current environment
While volumes have been healthy in the US market this week, maturity dates are being extended, but there is still innovation to be seen
Regulators review margin rates for CDS
Market analysis: CDS margining
Product performance
Product performance
Trade of the month: Digital payoffs
Digital options lead to two outcomes and are most commonly used with capital protected structured products.
Market snapshot
Market snapshot
Resource investments prove popular but remain relatively risky
Royal Bank of Canada is the only player in the issuance with its reverse convertibles, a handful of which are based on natural resources.
US market split between emerging and developed equities
The latest structured products released in the US public market include a divergence of exposures, split between reverse convertibles and accelerated growth. Underlyings are dominated by US and emerging equities.
US wrap: RBS favours precious metals reverse convertibles
Royal Bank of Scotland dominates the lastest US public issuance with its reverse convertibles, while precious metals hold their position as a popular underlying.
US wrap: Financials are the name of the game
The financial sector provides the basis for several products in the latest US issuance, reflecting a general trend in the structured products market.