iTraxx Goes Daily In Japan

The fixing for the nascent Japanese credit derivatives index, the DJ iTraxx CJ Japan, has moved to daily from weekly in a bid to boost trading and product development.

  • 19 Nov 2004
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The fixing for the nascent Japanese credit derivatives index, the DJ iTraxx CJ Japan, has moved to daily from weekly in a bid to boost trading and product development. "Of course it was a lengthy process to decide on the structure, but this will be good for the market," said Go Yajima, senior credit derivatives structurer at BNP Paribas in Tokyo, one of the firms involved in the initiative.

Yajima said the switch to daily fixing will boost transparency and liquidity in the index of the 50 most liquid Japanese credits. Yajima thinks, "Another benefit is that this will bring about [constant-maturity] CDS, where dealers can rely on a more accurate base for fixing." While a few initial CMCDS trades have gone through the Japanese market, he expects the product to take off next year, along with options linked to the index.

The DJ iTraxx CJ Japan index will be fixed at 4 p.m. in Tokyo from data provided by market making houses including Deutsche Bank, Goldman Sachs, JPMorgan, Mizuho Securities and Morgan Stanley. Data will be calculated by Quick Corp. and released by 5:30 p.m.

  • 19 Nov 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%