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A market-linked CD (MLCD) [1] is also referred to as an equity-linked CD, market-indexed CD, or simply an indexed CD as well. It is a specific type of certificate of deposit that is linked to the performance of one or more securities or market indexes, like the S&P 500. [2]
The indices are constructed on a set of rules with the overriding criterion being that of liquidity of the underlying credit default swaps (CDS). The group of indices was formed by the merger in 2004 of the Trac-X indices created by J.P. Morgan & Co. and Morgan Stanley and the iBoxx CDS indices created by Deutsche Bank, ABN Amro and IBoxx.
At first, banks were the dominant players in the market, as CDS were primarily used to hedge risk in connection with their lending activities. Banks also saw an opportunity to free up regulatory capital. By March 1998, the global market for CDS was estimated at $300 billion, with JP Morgan alone accounting for about $50 billion of this. [51]
The JPMorgan Prime Money Market Fund seeks to generate current income while providing a high level of liquidity and a low volatility of principal. The fund invests in short-term securities that ...
On an episode of Suze Orman's "Women & Money" podcast, money expert Suze Orman gave her take on market-linked CDs. "Forget market-linked CDs," she said. "They make absolutely no sense. You want to...
Lock in today's best rates in decades on certificates of deposits on a range of CD terms — from 6 months to 5 years. ... Money market. 0.60%. 0.61%. Down 1 basis point. 1-month CD. 0.23%. 0.23% ...
A structured product, also known as a market-linked investment, is a pre-packaged structured finance investment strategy based on a single security, a basket of securities, options, indices, commodities, debt issuance or foreign currencies, and to a lesser extent, derivatives. Structured products are not homogeneous — there are numerous ...
Money market accounts are more liquid than CDs since they allow monthly access, whereas CDs are inaccessible — if you want to avoid the early withdrawal fee — until the end of the term, which ...