QP launches structured insurance products for emerging market risks

Released on: June 9, 2008, 10:15 am

Press Release Author: Quote Platform Syndicate Inc.

Industry: Financial

Press Release Summary: As legal, currency and business risks in the emerging markets enter highly volatile and totally unprecedented phase, corporations engaged in business with the developing world need new types of risk coverage. Quote Platform, a boutique financial derivatives organization, now launches specifically engineered contracts to address the phenomenal challenges.

Press Release Body: Vancouver, BC, Canada, June 09, 2008: Quote Platform Syndicate (“QP”) announces the launch of structured insurance products to enable small- and medium-sized companies to hedge the multiple risks of doing business in the world’s emerging markets. QP aims to provide investment grade coverage for those seeking political, business, currency and interest rate hedge contracts which have, thus far, been beyond the reach of junior growth corporations, listed or private.

The capital markets have always been reluctant to price third-world risks in an identifiable manner; of late, the sharp rises in food and crude oil prices have certainly magnified those risks. QP, whose principals have been extensively involved in deal-making in the third-world for over two decades, is properly positioned to price and syndicate a variety of hedge contracts by utilizing the instruments already available within the financial derivatives matrix: straight insurance cover, asset swaps, credit enhancements and credit default agreements.

Of particular note is the willingness of QP to address the complexities of countries like Cuba, Venezuela, Bolivia, Nicaragua, Ecuador and Nepal. “Though I am not happy with the prices quoted, to the best of my knowledge, there is nowhere else to go to offset exposure to the remoter parts of the developing world,” said the Managing Director of 3P Networks Inc, a developing-stage company seeking to acquire telecommunication concessions in the Cambodia and Laos.

The credit risk at liquidation on products engineered by QP needs to be determined on a case-by-case basis.

Web Site: http://www.quoteplatform.com

Contact Details: Quote Platform Syndicate Inc.
3080 River Road
Richmond BC V7C 5N2 Canada
Fax: 1-604-270-6948
Tel: 1-604-270-6902
Email: derivatives@shaw.ca
Contact person: Rakesh Saxen