SRP did the rounds and asked market participants about the impact on Finvex-linked structured products after the Belgian index provider was declared bankrupt in November last year.

Société Générale was quick to react after Solactive decided to discontinue several Finvex indices following the collapse of Finvex. The French bank activated its fall-back solutions to safeguard more than US$650m invested in Finvex-linked structured products it had issued between 2014 and 2019. The substitution indices, developed by Société Générale and calculated by S&P Dow Jones Indices, use the same – or substantially similar

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