The product, known as a total return swap, is a derivative contract that allows investors to profit from changes in market value of the loans, the source said.
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No trades have been executed using this strategy so far, the source said.
The Financial Times earlier reported the news, saying the Wall Street bank has offered clients complex trades that would allow them to profit from further falls in loans made to software companies that have come under pressure in recent months.
Goldman pitches hedge funds product to bet against corporate loans, source says
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