Tuesday, November 13, 2007

CWs for Indices as at November 12

Today, we have the listing of a new CW for Hang Seng Index ('HSI'), known as HSI-C3. This was right after the listing of another CW for HSI (known as HSI-C2), which was listed yesterday. Both are Non-collateralised European-style CWs. HSI-C2 was issued by Deutsche Bank while HSI-C3 was issued by CIMB. These add to the existing 4 CWs for market indices, i.e. KLCI-CA, KLCI-CC, HSCEI-C1 & HSI-C1, which are European-style CWs for the Kuala Lumpur Composite Index (‘KLCI’), the Hang Seng China Enterprises Index (‘HSCEI’) & HSI, respectively.



With their high premium, it is best to avoid HSCEI-C1, HSI-C2 & HSI-C3.

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