Products April 12, 2003
BNP Plans Derivatives Based on S&P Hedge Fund Index
December 16, 2002 (PLANSPONSOR.com) - BNP Paribas
has been granted a license by Standard & Poor's (S&P)
to provide global derivative products based on the S&P
Hedge Fund Index, according to a BNP Press release.
Reported by Eric Hazard
Available by early 2003, BNP plans on providing derivative products, linked to the S&P Hedge Fund Index , to global investors, including:
- Principal protected notes
- Swaps
- Options
Additionally, BNP said it should be able to provide daily liquidity due to the pricing characteristics of the Index.
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