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Category Archives for Structured Products

MAS Lifts Structured Notes Ban on Six Financial Institutions

The Monetary Authority of Singapore (MAS) said it will lift the ban on the sale of structured notes for CIMB Securities, DMG & Partners Securities, Kim Eng Securities, OCBC Securities, UOB Kay Hian and Phillip Securities with immediate effect. Previously, these institutions had been banned by MAS from selling structured notes for a year. MAS […]

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DBS HK Compensates HK$651m to Clients Who Bought Lehman-linked Notes

Hong Kong authorities have come to an agreement with DBS HK on the amount of compensation to customers who bought Lehman-Link notes structured by DBS. $651 million Hong Kong dollars or about S$115 million will be paid out to some clients who bought these products. The 2160 low risk customers who accept the resolution scheme […]

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Difference Between Traditional and Structured Deposits

In this second My Money seminar (held in Feb 2009), Frances Chan from The Association of Banks in Singapore (ABS) covered the difference between traditional and structured deposits. Here’s a summary of her presentation. There are three types of traditional deposits, namely: Transactional, Special Savings and Fixed/Time Deposits. The financial crisis in 2008 saw many […]

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Pinnacle Notes Lawsuit

The latest indicative price of Pinnacle 6 and 7 is 0.01% ($1 for every $10000) and investors in them are looking at a 99.99% capital loss very soon. Someone asked me the lawsuit for the Pinnacle Notes and I thought it would be good to post this for everyone: “I am one of the victims […]

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Should MAS Act?

In the past couple of years, many claims were made by investors who bought structured products which had collateralised debt obligations (CDOs) embedded in them. Recently, it was reported that Goldman Sachs was being charged by the US Securities and Exchange Commission (SEC) with fraud in some of their CDO deals. In addition, some other […]

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