It sometimes seemed in Asia last year that all you needed to do was offer investors a structured product styled as an accumulator, and then take some time out to watch the money roll in. Accumulators allow investors to accumulate stock on a daily basis provided the underlying does not breach a knock-out barrier, often 105% of the stock's spot price. If it does, then the note terminates and investors end up holding the stock. If the underlying shares fall below the strike price, say 95% of the sp

To continue reading...