Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2002-08-03
Length: 24 pages
Data source: Field research
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Abstract
The vice-president of Export Development Corporation is considering an innovative derivative product, Protected Index Notes (PINS) to raise funds. This case introduces students to a major class of financial institutions, export development corporations, that facilitate international trade. As well, this case illustrates the use of SWAP technology to create sub-London Interbank Offered Rate funding with an equity derivative, a note with interest tied to the S & P 500 index.
About
Abstract
The vice-president of Export Development Corporation is considering an innovative derivative product, Protected Index Notes (PINS) to raise funds. This case introduces students to a major class of financial institutions, export development corporations, that facilitate international trade. As well, this case illustrates the use of SWAP technology to create sub-London Interbank Offered Rate funding with an equity derivative, a note with interest tied to the S & P 500 index.