Investec is gearing up to list a new equity derivative
instrument, Enhanced Dividend Securities (EDS), in Johannesburg
Securities Exchange (JSE)'s investment products sector this
According to Garreth Montano from Investec Treasury and
Specialised Finance, the EDS product is a deep in-the-money
option with a knockout feature. It will track the price of an
underlying share, but will be issued at a discount of
approximately 40-55% of the underlying share price.
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