UPDATE - July 2007:  The Structured Products Association’s Nomenclature Initiative is a broad-based effort to create an industry standard for United States retail structured products. The intention is to increase transparency, alleviate investor confusion and facilitate easier comparison among various investments. The proposal – based on a white paper created by JPMorgan – is intended to create a standard classification system for structured products, allowing investors to quickly separate prospective investments by their respective features. The nomenclature project working group includes Incapital, Advisors Asset Management and LaSalle Bank on the distribution committee, as well as Goldman Sachs, JPMorgan, Lehman Brothers, Morgan Stanley, Deutsche Bank, UBS and Wachovia on the issuer committee.

The white paper is accessible on the SPA Website, by clicking here:

  http://structuredproducts.org/img/catfiles/36/i0/41_SPA_Nomenclature_Standardization_-_Final.pdf