Februar 22. 2019
REVERSEinquiries Workshop Whitepaper - Indices: The Good, the Bad and Knowing the Difference
Authors:
An issuer comes to us and asks if it can link its debt security to an index. This seemingly simple question (if the index is the S&P® 500 Index, for example) progresses through layers of complication as the underlying index varies from a broad-based benchmark index (such as the SPX) to a proprietary index with a small number of constituents.