– Bank lists 44 certificates on 11 different commodities and reinforces available product offer-
NYSE Euronext today has listed new Factor Certificates issued by Commerzbank. With this issue, Commerzbank reinforces the current offering of this type of financial products on NYSE Euronext in Lisbon. Commerzbank adds a new range of 44 new certificates with 11 different commodities as underlying – gold, silver, copper, corn, wheat, oil (Brent and WTI), natural gas, cocoa, coffee and sugar.
Factor Certificates offer on-exchange leverage participation to the daily performance of a specific underlying with no maturity and a pre-defined fixed leverage. Several fixed leverage levels are available allowing investors to select the leverage level corresponding to their individual risk profile.
These certificates are suitable for investors with a view on the performance of a particular underlying asset over a specific period of time that want to participate, with a specially selected leverage, in a clear trend or take advantage of short-term changes in the underlying price.
The first listing of Factor Certificates on NYSE Euronext in Lisbon occurred in October 2010 when Commerzbank issued 64 Factor Certificates on Portuguese equities. With this new issue, Commerzbank’s offer will increase to more than 180 Factor Certificates listed in Lisbon.
Miguel Geraldes, head of Cash and Listing, for NYSE Euronext, Lisbon said: “The enlargement of the offer in Factor Certificates allows investors to have access to a wider diversity of products and exploit new opportunities which are not directly linked to shares, but have all the characteristics of an exchange listed product. These certificates are available within a well defined regulated environment, supported by a leading technology and innovative market model that deliver superior price discovery, liquidity and transparency and safety of the settlement.”
Hélio Cláudio, head of Public Distribution International at Commerzbank, added: “Although the trading value of Factor Certificates is still developing, it already represents around 10% of the total value traded in leveraged products by Commerzbank in Portugal. We therefore accomplished our first objective of launching a new product segment and we will now focus on widening our offer to new underlyings. We have also been assisting to an exponential increase in the demand of leveraged products linked to commodities. The available product offer in Portugal has not matched that demand at all. Our new issue shall fill that gap.”
