Reference bond COSI structures grow in popularity

Stoxx
By Rob McGlinchey
03 Jun 2014

Collateral secured instrument structured products that weave in exposures to bonds to reduce exposure to the product issuer are growing in popularity among investors in Switzerland.

“We see two reasons for this trend, which are, for obvious reasons, linked: first, investors are actively diversifying their counterparty risks and invest in specific counterparties excluding at the same time the issuer risk with COSI,” said André Buck, head of sales and marketing at SIX Structured Products ...

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