Structured products, also called structured notes, are customized versions of existing investments. A recent example is this offering from Morgan Stanley MS. Sold in June 2022, the company’s ...

Traditional structured products involve multiple intermediaries such as brokers, custodians, and clearinghouses, leading to operational costs ranging from 1% to 5% of the investment value annually.

As the traditional subscription facility market has matured, new liquidity and funding innovations have arisen. Enter the rated note feeder. This structural tool in the back pocket of GPs may ease the ...