investment banking Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated wit ...

, a structurer Joris Luyendijk (2012)
Interview: Head of Structuring equity-derivatives
''theguardian.com'' is the finance professional responsible for designing

structured product A structured product, also known as a market-linked investment, is a pre-packaged structured finance investment strategy based on a single Security (finance), security, a basket of securities, Option (finance), options, Index (economics), indices, ...

s. Their solution will typically deliver a bespoke

hedge A hedge or hedgerow is a line of closely spaced shrubs and sometimes trees, planted and trained to form a barrier or to mark the boundary of an area, such as between neighbouring properties. Hedges that are used to separate a road from adjoini ...

, "yield enhancement", or other feature, as appropriate to the client's needs, and must inhere relevant regulatory and accounting considerations; see . The role is usually quantitative, straddling that of

sales and trading Sales and trading is one of the primary front-office divisions of major investment banks. The term is typically reserved for the trading activities done by sell-side investment banks who are primarily engaged in making markets for institutional clie ...

and front-office quantitative analyst. The structurer's main analytic task is to determine how the pay rules in question will distribute

cash flow A cash flow is a real or virtual movement of money: *a cash flow in its narrow sense is a payment (in a currency), especially from one central bank account to another; the term 'cash flow' is mostly used to describe payments that are expected ...

s for a deal; to do so, they will typically build computer models to simulate these subsequent payments, thereby also estimating how collateral payments affect the cash flows. The above is preliminary to deal settlement; thereafter it will be in the hands of the Bond administration to apply the rules as described in the deal

legal document Legal instrument is a law, legal term of art that is used for any formally executed written document that can be formally attributed to its author, records and formally expresses a legally enforceable act, process, or contractual duty, obligation ...

References

Finance occupations Financial analysts Investment banking Structured finance {{Econ-stub