Introducing CLNs on iTraxx - Issuer Bank Vontobel Zurich for CLNs is available

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If you are interested in CLNs – we have great news for you: Our recently launched CLN offering is meeting your demand. The response has been nothing short of overwhelming and our offering has become an indispensable tool in our  clients´ trading arsenal. 

As we remain committed to putting your needs at the forefront of our endeavors, we are thrilled to announce the following additions to our multi-issuer platform deritrade:

  1. CLNs on iTraxx:
    - iTraxx Europe
    - iTraxx Europe Senior Financial
    - iTraxx Europe Crossover
    - iTraxx Europe Subordinated Financial 
  2. Issuer Bank Vontobel Zurich for CLNs is now available 

 

Why choose CLNs? 

CLNs have become a sought-after Structured Product among investors looking to capitalize on the creditworthiness of reference entities. Now, you can join in on the action and reap the rewards.

Investors receive not only the coveted coupon payment but also the repayment of the nominal amount, as long as there are no credit events involving the reference entity. CLNs offer the unique advantage of selecting a different denomination and currency compared to the bonds typically available on the market. 

And here's where we come in: At deritrade, we have revolutionized the market for CLNs by introducing fully automated trading on our platform, starting from an investment volume of just CHF 10,000. deritrade is making it easier than ever to tap into this lucrative investment opportunity.

 

Why CLNs on iTraxx? 

By investing in iTraxx with set maturities, you receive a series of benefits. First and foremost, you gain easy access to the main credit indices of iTraxx, which are usually reserved for financial institutions. Talk about leveling the playing field! With iTraxx, you can diversify your investments across a basket of recognized single-name issuers, reducing the impact of individual credit events on your portfolio. It's a smart move that amplifies your chances of success.

 

Better product terms thanks to a choice of Vontobel Issuers

CLNs can be taken out on deritrade with either Vontobel FP Dubai or Bank Vontobel Zurich as the issuer. This setting can now easily be adjusted in the pricing mask – in each individual instance, no less. The preferred settings can also be set as default. Product conditions can be a key factor in deciding whether to trade with issuer Vontobel FP Dubai or Bank Vontobel Zurich. Currently, for example, better conditions can be realized for clients with issuer Bank Vontobel Zurich. For CLNs using the Issuer Bank Vontobel Zurich the withholding tax is applicable for the full Coupon. 

 

Are you ready to unlock the full potential of CLNs on iTraxx? 

Reach out to our deritrade team today. We are here to guide you every step of the way, helping you achieve your financial goals with confidence and efficiency. 

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