Introduction
 
Structured Products on non-Hong Kong underlying assets listed under Chapter 15A of the Listing Rules are called Market Access Products (MAPs).  MAPs can take the form of Derivative Warrants (DWs), Callable Bull/Bear Contracts (CBBC) or Equity Linked Instruments (ELIs).
  

Eligible underlying assets of MAPs
  
The underlying assets eligible for issuance of MAP are potentially very broad including but not limited to:

(a)

a security listed on a recognised overseas exchange;                                                                                 

(b)

a commodity asset or a derivative contract; or

(c)

a third-party or proprietary index based on (a) or (b).
 

Currently there are 66 recognised overseas exchanges under criteria 2(a) as stated (in alphabetical order) in the table below.  All reputable derivatives exchanges are acceptable under 2(b).   
 

Duration of MAPs
 
The duration of MAPs can range from 3 months to perpetual through a rollover mechanism every 5 years subject to the issuers maintaining the required credit rating.