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Articles tagged with: Structured Prd

Written By: Tiang Chuan on August 7, 2011 No Comment

The notorious Accumulators, also known “I Kill You Later”, are in the news again. An 88 year old Indonesian businessmen has sued a bank for US$17m for losses in Accumulators linked to currencies.

As usual, the bank has claimed that the plaintiff has “extensive experience in a wide range of investment products, [...]

Written By: Tiang Chuan on April 20, 2011 No Comment

An investor, who has been sued by a French bank for $6.4m for losses from Accumulators, will get a new hearing after he appealed against a High Court decision in favor of the bank, reports the 20th April issue of The Straits Times (Investor sued for $6.4m gets new hearing).

Written By: Tiang Chuan on October 27, 2010 No Comment
Scientist’s Suit Against Deutsche Bank Moves to High Court

The lawsuit between renowned Taiwanese scientist Dr Chang Tse Wen and Deutsche Bank has began in the High Court. The case was first report in The Straits Times on 03th September 2009. Dr Chang is suing Deutsche Bank for breach of legal duties and misrepresentation after the bank sued him for [...]

Written By: Tiang Chuan on June 16, 2010 No Comment
Dual Currency Deposits – Do You Know You Have Become The Insurer?

Avoided like the plague during the financial crisis, structured products are reviving like green shoots after a long awaited rain. Dual Currency Deposits in particular, have been really popular. Depositors may not have understood the risks involved. Read the article – Dual Currency Deposits – Do You Know You [...]

Written By: Tiang Chuan on September 3, 2009 No Comment

Just after posting on The Return of Accumulators, The Straits Times today reported that a well-known scientist is suing Deutsche Bank for breach of legal duties and misrepresentation.

For a period of 4 months between November 2007 to February 2008, 34 accumulator contracts involving 4 banks,  Citigroup, UBS, Societe Generale [...]

Written By: Tiang Chuan on September 2, 2009 No Comment

Just like what Arnold Schwwarzenegger promised in the science fiction thriller The Terminator, Accumulators are back!

The Straits Times carried a report “‘Killer’ stock derivatives make comeback” on 01 Sept 09 edition of The Straits Times. The original article was report by Wall Street Journal which can be found here. [...]

Written By: Tiang Chuan on December 11, 2008 No Comment
How does GE Greatlink Choice Work

Following the blowups of Lehman Minibond, DBS High Notes, Merrill Lynch Jubliee Notes and Morgan Stanley Pinnacle Notes, Greatlink Choice Funds, another similar product introduced by Great Eastern (GE), has also ran into potential problems. Below is my attempt to explain how the funds work and the difference between Greatlink Choice and the other products.

Written By: Tiang Chuan on November 18, 2008 No Comment

The Risk Management Institute (RMI) of the National University of Singapore (NUS) conducted a talk title ‘Structured Financial Products: Are they they right for you?’ yesterday. The talk was delivered by Dr Oliver Chen, Programme Director of the Masters of Science (Financial Engineering). This was part of the RMI lecture series on Enhancing [...]

Written By: Tiang Chuan on November 13, 2008 No Comment
Termination of Swaps for Lehman Minibond

The Monetary Authority of Singapore (MAS) announced that actions have been taken to terminate the swap agreements in the Underlying Securities of Minibond series 1 to 8. No such move is needed for series 9 and 10 as the underlying securities are corporate bonds and not Synthetic Collateral Debt Obligations (Synthetic CDO).

Written By: Tiang Chuan on November 7, 2008 6 Comments
How does a Share Accumulator Structured Product Work

The Strait Times reported today that an Indonesian couple has sued UBS Singapore for losses in currency derivatives called Accumulators. Accumulators can be linked to shares, currencies or commodities. This form of structured product has also caused Citi Pacific to potentially lose US$2 billion when the Australian dollar plunged against the US dollar recently. It [...]

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