QP launches structured insurance products for emerging market
risks
Released
on: June 9, 2008, 10:15 am
Press
Release Author: Quote
Platform Syndicate Inc.
Industry:
Financial
Press
Release Summary: As legal, currency and business risks in the
emerging markets enter highly volatile and totally unprecedented
phase, corporations engaged in business with the developing world
need new types of risk coverage. Quote Platform, a boutique financial
derivatives organization, now launches specifically engineered
contracts to address the phenomenal challenges.
Press
Release Body: Vancouver, BC, Canada, June 09, 2008: Quote
Platform Syndicate (“QP”) announces the launch
of structured insurance products to enable small- and medium-sized
companies to hedge the multiple risks of doing business in the
world’s emerging markets. QP aims to provide
investment grade coverage for those seeking political, business,
currency and interest rate hedge contracts which have, thus far,
been beyond the reach of junior growth corporations, listed or
private.
The
capital markets have always been reluctant to price third-world
risks in an identifiable manner; of late, the sharp rises in food
and crude oil prices have certainly magnified those risks. QP,
whose principals have been extensively involved in deal-making
in the third-world for over two decades, is properly positioned
to price and syndicate a variety of hedge contracts by utilizing
the instruments already available within the financial derivatives
matrix: straight insurance cover, asset swaps, credit enhancements
and credit default agreements.
Of
particular note is the willingness of QP to address
the complexities of countries like Cuba, Venezuela, Bolivia, Nicaragua,
Ecuador and Nepal. “Though I am not happy with the prices
quoted, to the best of my knowledge, there is nowhere else to
go to offset exposure to the remoter parts of the developing world,”
said the Managing Director of 3P Networks Inc,
a developing-stage company seeking to acquire telecommunication
concessions in the Cambodia and Laos.
The
credit risk at liquidation on products engineered by QP
needs to be determined on a case-by-case basis.
Web
Site: http://www.quoteplatform.com
Contact
Details: Quote Platform Syndicate Inc.
3080 River Road
Richmond BC V7C 5N2 Canada
Fax: 1-604-270-6948
Tel: 1-604-270-6902
Email: derivatives@shaw.ca
Contact person: Rakesh Saxen
2008
