“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 |