Investors Push For Tighter TRS, Some Dealers Balk

Some market players are asking desks to cut total return swap prices on trades where the buyer is also scooping protection via the loan-only credit default swaps market and therefore have adequate protection.

  • 08 Jun 2007
Some market players are asking desks to cut total return swap prices on trades where the buyer is also scooping protection via the loan-only credit default swaps market and therefore have adequate protection. This negative basis trade is being discussed throughout the market, but it's unclear what desks ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 98,544.62 277 13.26%
2 Bank of America Merrill Lynch 90,698.73 264 12.20%
3 Wells Fargo Securities 70,282.48 216 9.45%
4 JPMorgan 51,967.93 167 6.99%
5 Credit Suisse 41,545.25 126 5.59%