Rabobank International is planning to list three certificates in Singapore linked to a basket of Asian exchange businesses: Hong Kong Exchanges & Clearing (HKex), the Singapore Exchange (SGX) and Bursa Malaysia.A structured call warrant, zero strike participation certificates and RaboJet Certs-Series 5 will offer three different payoffs based on the basket, Rabobank's assistant director of equity derivatives Martin Wong told Singaporean journalists on Wednesday.
The call warrant and zero strike participation certificates have already been listed on the Singapore Stock Exchange (SGX) and the RaboJet certificate will go live on 29 Aug, he said.
Although the warrant and the certificate will have delta one-type payoffs Wong said the RaboJet Certs were structured to offer a maximum rate of return of 20% after one year should certain conditions be met and offers some downside protection via a lock-in strike level feature.
In June Rabobank launched RaboJet Certs Series 1, which was linked to a basket of four Singapore-listed stocks.
This product is listed on the Singapore database. Series 5 will appear shortly in Recent Additions (Singapore).
