Structured Products

Katten’s Structured Products Practice regularly advises financial institutions, derivatives dealers and hedge fund and other asset managers in structuring, negotiating and documenting a full range of exchange-traded and over-the-counter (OTC) derivatives, as well as investment fund notes and other products with embedded derivative components, including hedge fund-linked, hedge fund replicator, portable alpha and index-linked products.

Katten attorneys counsel clients with regard to securities, commodities, insurance and banking law compliance and regulatory matters, as well as ERISA and domestic and cross-border tax issues. We provide ongoing advice concerning structuring, trading, marketing and sales of OTC and exchange-traded derivatives and structured products.

Breadth and Depth of Experience

Our attorneys have extensive experience concerning:

• exchange-traded hedge fund replicators;
• CDOs, CLOs and other domestic and cross-border securitization transactions;
• credit-linked notes, total return swaps and credit default swaps;
• portable alpha products;
• equity swaps, options, collars and forwards, including prepaid variable forwards;
• ISDA Master Agreements covering a full range of OTC derivatives;
• financial futures and many other exchange-traded futures contracts;
• repurchase and reverse repurchase agreements;
• securities lending agreements, swaptions, ASCOTs and GICs;
• energy and municipal derivatives;
• synthetic refundings, financial guaranty insurance and stable-value products; and
• muni-bond finance and trust structures.

Our experience extends to:

• hedge fund lending transactions, options, swaps and warrants;
• principal protected hedge fund-linked notes (e.g., CPPI, Zero + Call and other PPN and MTN products);
• business trust, hedge fund-linked and principal protected certificates;
• preferred share class lending structures;
• premium finance;
• PPVULI transactions; and
• leverage and/or principal protected insurance dedicated funds-of-funds.