Based on a unique data set, this paper examines the pricing of equity-linked structured
products in the German market. The daily closing prices of a large variety of structured …

This paper examines the issuer pricing of structured products during the exchange trade of
November 2001. The daily closing quotes of roughly 170 reverse convertibles and 740 …

Securitized covered call writing strategies play an important role in the Swiss market. The
authors analyze the initial pricing of 275 products by comparing them to equivalent …

The market for structured financial products in Switzerland ranks among the largest in the
world. A unique characteristic of the Swiss market is that its most successful products are …

“Structured products”(SP) have recently been introduced onto organized markets in the
United States. Payoffs for such financially-engineered securities typically combine stock …

This article analyses the valuation of 192 structured products without a capital guarantee. In
contrast to similar studies, this investigation takes in both the primary and the secondary …

This study analyzes bank margins in the German secondary market for exchange‐traded
structured financial products, with particular emphasis on the influence of banks' credit risk …

For no clear reason, many retail investors seem to have an unnatural taste for exotic
structured products with payoffs that depend on complex and hard-to-value contingencies …

We analyze the order flow of discount certificates, its dependence on product age, and the
implications for issuer pricing behavior. Based on a unique data set of exchange trades and …

This paper presents the first analysis of open-end leverage certificates on the German
market. The major innovations of these certificates are twofold. First, issuers announce a …