Perceptions of our market George Hickey. Quotes “Spread Bets on Steroids” 2 “Lucky Dip...
-
Upload
joanna-warner -
Category
Documents
-
view
214 -
download
0
Transcript of Perceptions of our market George Hickey. Quotes “Spread Bets on Steroids” 2 “Lucky Dip...
What are Structured Products exactly?
4
HSBC 6 Year ≈ 3.8%
Issuer: HSBC Bank PlcStatus: Senior unsecuredRatings: Aa3 (M) / AA- (S) / AA- (F)Trade Date:Term: 6 YearsClearing: CRESTPrinciple: 100Coupon: 3.8%
HSBC US Supertracker
Issuer: HSBC Bank PlcStatus: Senior unsecuredRatings: Aa3 (M) / AA- (S) / AA- (F)Trade Date: Term: 6 YearsClearing: CRESTPrinciple: 100Return: Linked to S&P500 Index
Observation Index Level Payout16th August 2016 >100% 179% x S&P16th August 2016 <100% >60% 100%16th August 2016 <60% 1:1
IT’S A BOND WITH DIFFERENT RISK/REWARD PAYOFF
Previous Investors : Been Burnt
6
ELDeRS (Liquidity)
Private Banks (not consistent AA)
CREDIT SPREADS (M2M)
Where do they fit in portfolios
How do you allocate them?
Positioning
How much in a portfolio?
EoY Survey suggests: Over ⅔ of buyers have
between 3% - 10% within portfolios.
7
The Approach
8
New Investors Journey
Called and introduced CLS
Booked meeting and went to visit
Followed up to book ‘teach-in’ CPD session
Held CPD session in their offices
Explained Central Research Process
Highlighted Central Launch
Investment Made
Ongoing Support and Advice
Previous Investors Journey
Re-engaged via personal contact
Initial meeting
Concerns raised
Held ‘under the bonnet’ models session at CLS HQ
Provided detailed M2M analysis
Continued ongoing meetings and support
Reassurance provided
Investment Made?
Disclaimer
This is a marketing communication and has not been prepared in accordance with legal requirements designed to promote independence of investment research and
is not subject to any prohibition of dealing ahead of the dissemination of investment research.
The information in this document is derived from sources believed to be reliable but which have not been independently verified. Any prices included within this
communication are for indicative purposes only. Catley Lakeman Securities makes no guarantee of its accuracy and completeness and is not responsible for errors of
transmission of factual or analytical data, nor is it liable for damages arising out of any person’s reliance upon this information. All charts and graphs are from publicly
available sources or proprietary data. The opinions in this document constitute the present judgment of Catley Lakeman Securities, which is subject to change without
notice.
This document is neither an offer to sell, purchase or subscribe for any investment nor a solicitation of such an offer. This document is intended for the use of
institutional and professional customers and is not intended for the use of private customers. This document is not intended for distribution in the United States of
America or to US persons. This document is intended to be distributed in its entirety. No consideration has been given to the particular investment objectives, financial
situation or particular needs of any recipient.
Catley Lakeman Securities is regulated by the Financial Conduct Authority. Firm FSA Reference No. 484826. Catley Lakeman Securities is the trading name of
Catley Lakeman LLP. Registered Office: One Eleven Edmund Street, Birmingham. B3 2HJ. Registration Number: OC336585
DISCLAIMER
10