In February 2017, FPC launched AlphaNotes ETP, an Exchange Traded Products (ETP) platform which serves as a multi-seller MTN Program.
ETPs are securities whose price and value are derived from other underlying investment instruments or assets (such as loan portfolios, credit-linked notes, repackagings or a basket of securities). The AlphaNotes ETPs settle electronically via Euroclear & Clearstream.
AlphaNotes allows FPC to offer clients access to all global markets, without any restriction with respect to volume, type of product, commodity or currency. To date, AlphaNotes ETP has done two Reg. S issuances, for a total of $30MM.