Corporate's Structured Bonds ProvePopular
DALLAS - (03/18/05) -- Southwest Corporate FCU said it isseeing increased interest in reverse inquiry, structuredinvestments, which are certificates structured according to acredit union's balance sheet needs. The structured certificates,which are sold for a minimum of $5 million, allow credit unions toearn between 10-15 basis points higher than comparable agencyinstruments. During 2004 Southwest Corporate said it created 50reverse inquiry structures totaling more than $372 million. To datethis year it has responded to 13 reverse inquiries for $148 millionand expects to pass the 2004 activity.