Collateralized Secured Instruments - COSI

Since the financial market crisis, security has become a decisive criterion for investors. Besides return targets, investors' focus is increasingly shifting towards investment risks. In 2008, the collapse of the issuer Lehman impressively demonstrated that there is not only market risk, but also issuer risk. In legal terms, structured products are bearer bonds. Consequently, in case of issuer default, claims arising from these instruments are not privileged. Investors are considered ordinary third-class creditors, which means they are on equal terms with bondholders.

Collateralized Secured Instruments ("COSI") are suitable for investors seeking to minimize the issuer risk related to structured products. For this insurance, they waive a marginal share of their profit. In general, a simple and effective collateralization is possible for most listed certificates within the range of capital protection, yield enhancement and participation. This significantly extends the investment universe as well as the possibility of selection. With this service, investors benefit from a great flexibility, innovation and a short lead time of structured products. At the same time, they are protected against the issuer default risk.

Brochure COSI