Tag: ELS
SK regulator increases scrutiny of issuer risk management
Asia Pacific | Regulations & Legal
27 Jun 2019 by Jihye Hwang
The FSS has pledged to strengthen monitoring on local issuers’ risk management of exotic products and conduct an on-site inspection in the second half of this year.
Dealers see limited systemic risk from overexposed Korean autocall books
Asia Pacific | Products
11 Jun 2019 by Jihye Hwang
Dealers of autocallable products sold in South Korea dismiss concerns the Hang Seng China Enterprises Index (HSCEI) will cross ‘peak vega’ which is around 15% away from current levels.
Korea’s ELS sales remain robust despite falling markets
Asia Pacific | Products
06 Jun 2019 by Jihye Hwang
The sales volume of equity-linked securities (ELS) in South Korea remained flat as trade tensions sent global stock prices down last month.
Korean dealers warehouse high levels of exotic risks
Asia Pacific | Industry
04 Jun 2019 by Jihye Hwang
Some local securities firms in South Korea – the world’s largest market for autocallable products – are rapidly building up risk in their positions from equity-linked products, raising uncertainties among issuers about their ability to manage market volatility.
South Korea: Escalating trade tensions prompt concerns over autocall losses
Asia Pacific | Products
20 May 2019 by Jihye Hwang
After recovering losses in the first quarter this year from nearing the so-called ‘peak’ level late last year, the Hang Seng China Enterprises Index (HSCEI) is heading south again due to the heightened trade tensions between the US and China.
Korean securities firms’ earnings boosted by global stock market rally in Q1
Asia Pacific | Industry
16 May 2019 by Jihye Hwang
South Korean securities firms posted record earnings in the first quarter of this year on the back of the global stock market rally that improved the trading environment.
SK: Quanto indices gaining traction
Asia Pacific | Indices
29 Apr 2019 by Jihye Hwang
The Korean won-denominated versions of the Hang Seng China Enterprises (HSCEI) and S&P 500 indices crawled into South Korea’s top 10 underlying ranking for equity-linked products this month, raising KRW85.5 billion (US$73.8 million).
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SRP Asia Pacific Awards: Mirae expects ELS sales to go up this year
Asia Pacific | Conferences
04 Apr 2019 by Jihye Hwang
The South Korean securities house expects increased sales volume this year compared to the previous year on equity-linked notes.
South Korea’s ELS spike as China rallies
Asia Pacific | Products
26 Mar 2019 by Jihye Hwang
Apac’s largest retail structured products market is showing signs of recovery on the back of improving market conditions and high early redemption volumes.
