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Credit Suisse offers exchange-traded notes tied to commodities

Posted on 13 June 2013

Credit Suisse Group AG (CS), Switzerland’s second-largest bank, is offering two exchange-traded notes tied to commodities for trading. The Credit Suisse Commodity Rotation ETN is linked to a commodities benchmark where prompt contracts cost more than later deliveries, a phenomenon known as backwardation, according to a prospectus filed with the U.S. Securities and Exchange Commission.
The securities trade under the ticker CSCR and have an annual fee of 0.85 percent. The bank also started trading the Credit Suisse Commodity Benchmark ETN, which is joined to an index of 34 commodities with delivery periods as long as three months, according to a prospectus filed with the SEC………………………………………..Full Article: Source


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