Leonteq has signed an agreement with Postfinance. The cooperation deal with the state-owned company is the second within a week.
Leonteq will provide all services along the value chain of structured investment products to Postfinance, said the Zurich-based company in a statement on Monday. Postfinance is the financial-services arm of Swiss Post and has 2.7 million clients.
The deal goes back to a pilot project launched in March 2017, with which the two firms aimed to assess the market potential for Postfinance to issue structured investment products. During the pilot phase, the companies issued more than 440 structured products with a turnover of about 170 million Swiss francs ($175 million).
Development of «Ship»
The services provided includes issuing, product documentation, hedging, market making, secondary market services and lifecycle management, according to Leonteq. Postfinance acts as guarantor and is responsible for selling the products. Leonteq in turn will distribute the products issued for Postfinance to its own clients in Switzerland.
Leonteq hasn’t recently announced a cooperation agreement and instead focused on development its smart hedging and issuance platform (Ship).
