BUSINESS
04/10/2010 05:12 am ET | Updated May 25, 2011

Citi Considering Derivative Product That Will Allow You To Profit From A Financial Collapse

Credit specialists at Citi are considering launching the first derivatives intended to pay out in the event of a financial crisis. The firm has drawn up plans for a tradable liquidity index, known as the CLX, on which products could be structured that allow buyers to hedge a spike in funding costs.

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