This is the story of how the reverse convertible came to life at a time when structured products were known as ‘special products’ in the Swiss market.

It was in the spring of 1998, and Swiss (and US) interest rates were already low – the great crisis of the year 2000 would arrive two years later… This is how Patrick Oberhaensli ( pictured ), founder and CEO of Switzerland-based EVOLIDS FINANCE, recalls the market environment in the run up to the debut of the first ever reverse convertible structure in the Swiss market. There are opportunities in numerous stocks all the time and very special situations that can make reverse conv