Thirty-one structured products worth an estimated SEK353m (€34m) were added to the SRP Sweden database in September. Sales volumes of structured products in Sweden fell by 31% compared to the first three quarters of 2017, with the number of new issues down by 32%. Rollover opportunities were good, with 67 products worth SEK1.2 billion maturing during September.
In addition to tranche products, 1,465 leverage products were issued, of which 512 were long and 573 short. The most active provider was Commerzbank (704), followed by Vontobel (513), BNP Paribas (154) and Societe Generale (94). Equities were used as underlying in 71% of the leverage products, followed by commodities (24%), FX rates (5%) and interest rates (1%). The German Dax index was the most popular underlying, used in 18% of the products, followed by the OMX Stockholm 30 (16%), wheat (5%),
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