BNP Paribas to offer derivatives on hedge fund index

BNP Paribas has been granted a licence to offer global derivative products on the S&P Hedge Fund Index.

BNP Paribas has announced that it has been granted a licence by Standard Poor's to deliver derivative products linked to the SP Hedge Fund Index. BNP Paribas will offer investors around the world exposure to the newly launched SP Hedge Fund Index. This is the first licence to deliver derivative products based on this index.

BNP Paribas intends to provide a variety of derivative products linked to the SP Hedge Fund Index that could include principal protected notes, swaps and options that will be available to investors worldwide. BNP Paribas expects products and liquidity to be available by early 2003.

StTphane Liot, global head of fund derivatives at BNP Paribas, says,...

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