Indian Mart Readies For Accounting Changes

Derivative houses in India are awaiting accounting rules which should open the door for further market development.

  • 23 Jun 2006
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Derivative houses in India are awaiting accounting rules which should open the door for further market development. "While volumes continue to expand, product development has been on hold," said Srinivasan Varadarajan, treasurer at JPMorgan in Mumbai, explaining end-users are mostly piling into plain-vanilla interest-rate products and rupee foreign exchange options.

The Institute of Chartered Accountants of India, however, is working on rules and disclosures to clarify derivative positions. The changes are expected to be implemented by year-end. Market officials said once rules are settled for such issues as marked-to-market positions, regulators will be more open to giving the green light to additional products, such as local-currency interest-rate options. International houses have been lobbying regulators in India for such derivatives as caps, floors and swaptions for the last few years (DW, 11/17/03).

  • 23 Jun 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Citi 253,106.92 930 8.89%
2 JPMorgan 230,914.50 1036 8.11%
3 Bank of America Merrill Lynch 221,389.46 762 7.78%
4 Goldman Sachs 171,499.26 554 6.03%
5 Barclays 169,046.60 646 5.94%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 27,039.93 106 7.36%
2 Deutsche Bank 25,125.19 81 6.84%
3 Bank of America Merrill Lynch 23,128.33 61 6.29%
4 BNP Paribas 19,315.94 110 5.26%
5 Credit Agricole CIB 18,706.93 106 5.09%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,488.13 59 8.47%
2 Citi 11,496.21 73 7.22%
3 UBS 11,302.86 45 7.09%
4 Morgan Stanley 10,864.95 59 6.82%
5 Goldman Sachs 10,434.21 54 6.55%