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) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%