PUNTERS if only those with at least a million ringgit to spare are now being offered the chance to bet that interest rates will fall.
Thats essentially what Inverse Floater Notes, a counter-intuitive derivatives product launched yesterday by investment bank CIMB Bhd, are; the lower the Kuala Lumpur interbank offered rate (Klibor) gets over the next three to five years, the higher the returns.
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