South Korea: : Arrival of ETN.

• Autores: Soonghee Lee, Yongwoo Park
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 34, Nº. 1, 2015
• Idioma: inglés
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• Resumen

  • The article informs that the marketplace for exchange traded notes (ETN) has been opened by Korea Exchange (KRX) on November 17, 2014. It is noted that ETN are simpler than equity-linked securities (ELS) in structure and a type of derivative combined securities which guarantee the same rate of return as that of the underlying index at maturity.