October 2012
Beginner
368 pages
10h 4m
English
Content preview from How the Trading Floor Really Works
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CHAPTER 11
Where Does Structuring Fit?
This chapter will explore the obscure world of the structurer. This is a difficult position to capture because it can involve so many different responsibilities depending on the asset class and the bank. The role of a structurer, on the whole, only comes into play in tailored derivatives or structured products. The structurer sits between the trading desk and the sales person and takes a bunch of constraints (what the client wants to do, what the trader wants to do, the legal framework, rating requirements, tax framework and accounting framework) and tries to find a product that fits and still makes money for the bank. This chapter will use the equity structured product example from Chapter 4 to expand ...
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