The European Structured Investment Products Association (eusipa) has published a 'Derivative Map', a new tool which charts product categories using both a numbering system and graphics of payout profiles.
eusipa had already adopted the categorisation system in February of this year, the Association revealed last week.
It differentiates on a first level between Investment Products and Leverage Products. On a second level, the former are segmented into Capital Protected Products, Yield-Enhancement Products and Participation Products. Member associations can combine the latter two in order to form one single category should national market conditions make this necessary.
“There is a lot of talk about structured products being too complex to comprehend”, eusipa’s President Reinhard Bellet observed, continuing:
“Our Derivative Map will now provide all market participants including private investors with a valuable and handy tool to assess all varieties. Standardizing the terms will be key for comparability and the acceptance of our products. We also plan to publish European market statistics in accordance with the eusipa system.”
“I am convinced that we are at the beginning of a success story”, Roger Studer, Vice President of eusipa added.
“The extremely positive experiences we have made in Switzerland with a very similar system make us believe that the eusipa map and our categorization system will become the European standard within very short time.”
According to eusipa, than 20 major issuers, exchanges and data providers have already committed to use the eusipa categorisation in future.
EUSIPA is a pan-European organization created to promote the interests of the structured investment products market.
The aims of the umbrella association are to create uniform standards for the sector in Europe, to strengthen transparency and understandability of the products as well as to guarantee a high level of investor protection.
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