OCU warns of the risk of structured securities that some large banks begin to sell

In recent times proliferate issues of financial contracts and structured notes that are being offered from the offices of some major banks as an alternative to the frustration felt by their clients to receive as an offer to the consideration of their savings virtually no performance, or more while 0.2% on average to within one year.

OCU warns consumers and small investors about the delusions of these new products, despite that promise returns 4 or 6% annually in certain circumstances, may end up losing money on more occasions than the naked eye can be deduced because they do not guarantee the return of money invested. That coupon of 4 or 6% ends up being applied in very few cases as estimated by OCU (has been used simulations by the Monte Carlo method). Moreover, in those rare cases that gain a small part of the investment, so it applied that the APR performance structured is much lower than promised, even hazardous if the condition causing the payment of the coupon is fulfilled and the return of all the money.

Therefore concludes OCU eg Fixed Income Securities Structured Santander Series 60 is in no case are advisable for an investor with a conservative profile you are looking for deposits and not a speculator investor given the derisory of reward.

OCU also reports that the debt issued by a financial institution, either with fixed performance or linked to Bolsa is not entitled to any guarantee fund, so that in case of default of the entity the investor is not only helpless but must charge with the losses of the entity that sold the product. This thank you to the last regulatory change bank bailout. OCU concludes that the risk from those issued by financial institutions structured bonds is much higher than traditional deposits, and in no case are the first replacement of the latter.