The European Structured Investment Products Association (Eusipa) has published a new version of the Eusipa Derivative Map, the Brussels-based trade association's key educational and transparency tool for investors and issuers of listed structured products in Europe.
The EUSIPA Derivative Map categorizes products according to their pay-off characteristics, outlining what types of instruments are available in particular jurisdictions. It demonstrates the pay-off features of key product categories in graphical form by showing profit and loss movement over time versus the movement of the underlying market the derivative references. With many thousands of structured notes listed on various European exchanges, the EUSIPA Derivative Map helps market participants quickly and easily understand product nomenclature and associated pay-off functions.
Enhancements in the new version include splitting out constant leverage certificates into a distinct product category, and updates to the country overview page to reflect additional products now being sold in national markets.
"The EUSIPA Derivative Map is not only a useful reference tool for issuers and buyers of listed structured products, but also sets a market standard in Europe. One of the main aims of EUSIPA is to increase product transparency and understanding, which is why updates such as this are important," said Thomas Wulf, Brussels-based secretary general of EUSIPA.