Why are forward accumulators in the news?Wednesday, 14 November, 2012, 5:06am
DBS Bank (Hong Kong) allows customer relations managers to sign as witnesses to bank documents even if not present at meetings with customers, the Court of First Instance heard yesterday.11 May 2012 - 12:00am
A customer relations manager at DBS Bank played up an investor's experience and invented details of her assets so he could report that a high-risk investment product was suitable for her, a court heard yesterday.10 May 2012 - 12:00am
Investors should think carefully before investing in accumulators amid the present market turmoil, warned the Hong Kong Monetary Authority (HKMA).
'Given the volatility in the market, investors must think twice before investing in accumulators,' Meena Datwani, executive director of the regulator's banking conduct department, said yesterday at a news conference.29 Sep 2011 - 12:00am
Reports of losses in investing in accumulators have surfaced in the past few months, leading to rising concerns about the regulation of these products which are sold by private banks and brokers.20 Apr 2008 - 12:00am
There can be a big price to pay for derivatives contracts
A typical accumulator sold last year had an investment term of one year and was often linked to a single stock. These are often distributed as over-the-counter (OTC) derivatives contracts as opposed to structured notes. Many private banks have been selling these high-risk products to investors.18 Mar 2008 - 12:00am