Credit-Linked Note (CLN)
Exposure to a defined reference credit, asset or portfolio, wrapped into a transferable security.
| Format | Note, ISIN-bearing |
|---|---|
| Typical size | [EUR 5m — 100m] |
| Tenor | [3 — 10 years] |
| Coupon | Fixed or floating, per structure |
| Listing | Listed or unlisted |
| Settlement | SIX · Euroclear · LuxSE |
| Investor scope | Professional · Eligible counterparty · Reg S |
| Key risks | Credit risk of the reference obligation, issuer and platform risk, potential illiquidity, potential loss of capital |
