A Structured Note is normally linked to a perceived market strategy based on the use of a derivative. The performance of the note can be tied to the performance of a single security, a basket of securities, options, indices, commodities, debt issuances and / or foreign currencies.

Structured Note products can be used as an alternative to a direct investment, as part of an asset allocation process to reduce the risk exposure of a portfolio, or to avail of the current market trend.

A bankruptcy-remote special purpose vehicle, owned by a foundation or a charitable trust, would be established to issue limited recourse secured notes.  The proceeds of the notes would be used to acquire the exposure to the derivative.  When a series of notes is required a programme will normally be established where the SPV issues an unlimited number of series of notes each secured on different underlying assets.

Ogier has experience in establishing and successfully administering Structured Note programmes and can provide the following services in this respect:-

Services

• Incorporation of SPVs, ICCs and PCCs (and further cells once incorporated).
  
  
• Establishment of charitable trusts, foundations and limited partnerships.
  
  
• Registered office, registered agent, secretarial and registrar services.
  
  
• Provision of directors (individual or corporate) and trustees.
  
  
• Bookkeeping and preparation of financial statements.
  
  
• Cash management and treasury services.
  
  
• Agent for service of process.
  
  
• Escrow / nominee services.
  
  
• General corporate administration services.