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Structured products in the current low interest rate environment
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Orientador(es)
Resumo(s)
This study presents an analysis on the Portuguese market of structured products and the features used to mitigate the problem of the current low interest rates. Given the possible combinations, it proposes a specific product that enables an annualized yield of 4.5% to the investor if his expectations materialize during the next 2 years, while providing the issuer with a 2% upfront commercial margin.
It also addresses some of the risks for the issuer of such product and the magnitude of their impact in the hedging process.
Descrição
Directed Research Internship
Palavras-chave
Structured products Auto-Callable Worst of digital