It is difficult to get a standard definition for what is a bespoke investment vehicle which employs derivatives to create a certain risk-reward profile designed to achieve a specific set of objectives. "Structured products" generally work by using a traditional security, such as an investment-grade bond, and replacing the usual payment features such as periodic coupons and final principal with non-traditional payoffs derived from the performance of one or more underlying assets.
Executive Vice President, Head of Market Development
Singapore Exchange Limited
Senior Director, Head of Investment Strategy, North Asia
HSBC Private Bank