How Did XIV Work?

UPDATE Credit Suisse has terminated XIV due to a greater than 80% drop in its indicative value on 5-Feb-2018.  The final payout was $5.99 per share.  The last day of trading was the 15th of February.  For more on what caused XIV’s crash see this post, for more info on the XIV termination process see this post. ————————————————————————————————————————————— VelocityShares’ XIV and its sister fund ZIV …

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