The new product will comprise a loan and put options issued by UBS, Morgan Stanley and Macquarie.
Australian multi-issuer platform Stropro is adding a structured option and loan facility to its shelf as it looks to attract financial advisors seeking to capitalise on the digital execution and lifecycle reporting features of the new offering during the country’s tax season. With UBS, Morgan Stanley and Macquarie as the issuers, the product has been constructed with an up to 100% limited recourse loan as the lending component, a put option and optional performance cap on the call option