Interest rates 2: that which strikes us as familiar, we often perceive as less risky

In the second of three articles on interest rate linked structured products, SRP looks at the underlyings and payoff structures linked to this asset. The 3,261 interest linked structured products which were distributed globally in 2016 (including non-retail, excluding leverage and flow) used 42 different underlyings , according to SRP data. Of these, the Certificate of Deposit Rate 91d (Korean bond rate for 91 day certificates of deposit published by the Korean Securities Dealers Association),