Investec’s hedging costs on structured products could run to R4bn
25 November 2020 - 18:52
UPDATED 26 November 2020 - 07:39
Investec expects costs associated with hedging its structured deposit book, a financial product that yields higher returns compared with a standard deposit, in its UK bank to continue until at least financial year 2023.
According to Investec, the costs could run into hundreds of millions of pounds if volatile market conditions experienced earlier in 2020 persist. ..
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