An attractive fixed income alternative for a portfolio
Letters can offer interesting short-term returns, and with low risk. There are multiple alternatives (fixed rate, variable rate...) and they operate in different currencies. They have a secondary market with considerable liquidity.
Benefits of trading with Letters
You can know in advance its profitability, since its payment flow is pre-established.
The offer is wide. There are Letters with different adjustments (fixed, indexed by inflation, etc.) and issuer risk.
They usually offer attractive and competitive returns compared to other assets with a similar term.