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The Problems with the Essence and Definition of Structured Products

Author: Aram S. Mantashyan, Postgraduate of Financial Markets and Banking Dept., Ural State University of Economics

Abstract: The article is devoted to structured financial products. The author discusses various approaches to the understanding of the nature of structured products and numerous definitions of this term offered by scientists. The paper reveals the ambiguity in the understanding of structured products; provides a list of financial tools and financial products which are classified by some authors as belonging to the class of structured products; and detects the problems caused by the lack of conventional approach.

Keywords: Structured financial product, indexed deposit, derivatives, financial instrument, capital security, hedging, structured note