Gilliat unveils inaugural dual counterparty product

The plan has fixed barriers at 3,000 points on the FTSE 100 for both capital protection and income accrual. This tranche offers up to 1.6875% gross per quarter (equivalent to 6.75% per annum) providing the FTSE 100 remains above 3,000 points. The counterparties are The Royal Bank of Scotland plc and Morgan Stanley B.V. Adrian Neave, managing director of Gilliat Financial Solutions, said: “Counterparty risk continues to remain an important subject. As an independent provider, we have always been able to offer a range of counterparties to our clients but up until now we’ve always used jus...