The rise of the range accrual

It provides income or growth that pays out its maximum level if the relevant underlying asset stays within a pre-determined range, usually symmetric and two-sided. While there are many variations of range accrual structures most of them bet that the underlying will not move significantly from its initial levels. The range accrual is not always thought of as a core offering of the structured product market simply because it is essentially betting on nothing happening. In the long term, all marke