Sales of structured products during the period surrounding the market crash of mid-March were down 26% compared to the same period of 2019. We look at issuance and sales volumes across markets in the immediate aftermath to assess the impact of the recent market turbulence.

Sixty-one structured products with estimated sales of US$1.3 billion had strike dates in Belgium between 1 February and 30 April 2020, a decrease – both in issuance and sales volume – from the 83 structures worth US$1.7 billion that struck in the same period last year. At the start of 2020, the Belgian market flourished, with sales for products striking in March, at US$543m, at their highest levels in over a year. Then the financial markets collapsed spectacularly: in April sales ha

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