A First in Canada: The NBC Bespoke Notes®
Montreal, 4 April 2011 -
National Bank Financial Group innovates and announces the recent launch of its newest platform: the NBC Bespoke Notes®, a unique investment solution on the structured products market.
This new platform gives advisors a process that facilitates the creation and distribution of non-principal protected deposit notes tailored to reflect a targeted strategy.
"The flexibility and accessibility of this new platform is a first for the Canadian market." says François Rivard, Managing Director, Financial Products Solutions Group with National Bank Financial Group. "Until now, all structured products offering as much flexibility had resulted from private arrangements and were intended only to accredited investors who met certain strict criteria. However, it is now possible, through a wholesaler or an unrestricted practice broker, to create within 48 hours a unique product specifically tailored to particular market views. This short timeframe makes it possible to quickly grasp any opportunity."
Advisors can therefore customize the investment with a large selection of underlying assets (commodities, stocks, ETFs, indices, sub-indices and custom baskets) and on a short-term investment horizon (three months and over). Exposure to increases and protection in case of decline are also chosen by advisors. A significant advantage resides in the fact that new issues can be created for as little as one million dollars, and individual investors can participate with a minimum investment of $5,000.
With their variety of structures that can accommodate various market visions, the new NBC Bespoke Notes® will meet the needs of the most demanding investor.
About National Bank of Canada
National Bank of Canada is an integrated group that provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has over $152 billion in assets and, together with its subsidiaries, employs 18,407 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website at www.nbc.ca. To access National Bank Financial Group’s financial education portal, visit www.clearfacts.ca.
Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):
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National Bank Financial Group