Yield enhancement products have boosted structured product sales at the wealth management unit of Southeast Asia’s second-largest bank.
Oversea-Chinese Banking Corp. (OCBC) has brought structured deposits to its digital platforms, making it the first local bank in Singapore to offer such products online in a bid to attract retail and accredited investors tapping into digitalisation. Closed for subscription last Friday (31 October), the first batch was a three-year, fully principal-protected, interest-rate-linked structure, offered via its banking app and internet banking site. The bank’s self-issued product pays a fixed i