Gilliat introduces Credit Suisse as counterparty to UK market

Credit Suisse has entered the UK structured product counterparty market for the first time.


The Growth Multiplier – September 2011 is the latest in a raft of structured products to be based on the performance of the FTSE 100 after six years, offering investors 7.5 times the rise in the index, up to a maximum of 75%.

For example, a rise of just 10% would trigger a growth payment of 75%.

Adrian Neave, Gilliat’s managing director, said: "We’re delighted to be able to bring an entirely new counterparty to the UK market. Many advisers are worried about counterparty risk being concentrated on one or two of the high street banks so by introducing Credit Suisse we are offering the chance to diversify further without compromising on financial strength.”

Gilliat has also given the product a 50% capital protection barrier and a closing date of 23 September 2011.


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