“25 years ago it was comparatively easy to acquire a sound knowledge of the general investment field – [but now] the different types of securities have multiplied in number to an almost unlimited extent… “
John Moody… 1910
The hybrid instrument market started as far back as the 1850s with bonds containing equity based variations. Today, the same industry has exploded into a wide range of instruments that make the above quote still very contemporary!
The main instrument types dealt with by CT are listed below:
| Basket Linked Notes |
| CDOs |
| Commercial Paper |
| Covered bonds |
| Credit Card Backed Notes |
| Credit Linked Notes |
| Equity Linked Notes |
| Event Triggered Notes |
| Fixed (to Floating) Rate Notes |
| Floating Rate Notes |
| Index / Fx Linked Notes |
| Interest Rate Linked Notes |
| Limited Recourse Notes |
| Mortgage Backed Notes |
| Pass Through Credit Linked Notes |
| Range Accrual Notes |
| Structured Notes |
| Variable Rate Certificates of Deposit |