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 | [2 — 7 years] |
| Coupon | Fixed or floating, per structure |
| Listing | Listed or unlisted |
| Settlement | Euroclear · Clearstream |
| Investor scope | Professional · Eligible counterparty · Reg S |
| Key risks | Credit risk of the reference obligation, issuer and platform risk, illiquidity, potential total loss of capital |
