Structured Products

Ratchet floaters are a type of exotic structure that have periodic caps and a minimum coupon.They fall into the category of fixed income capital guaranteed products.

Floored Floaters are capital guaranteed products falling in the range of the fixed income asset class. They pay a yearly, semi-annually or quarterly coupon that is linked to an economic variable such as the 3-month LIBOR (London Interbank Offered Rate). In addition, if the economic variable is lower than a predefined floor, then that floor determines the level of the coupon.

Shark notes are classified as short term capital guaranteed products that include a knock-out barrier; they sometimes  feature a "rebate". They can serve two purposes, depending on the way they are structured:

A Capital guaranteed product without cap is composed of a zero-coupon bond and a call option. The capital guarantee part is assured by the zero bond, and the participation is enabled through the call option.