JPMorgan Markets Equity First-To-Default Basket

JPMorgan is pitching first-to-default type instruments linked to equity-default swaps.

  • 24 Nov 2004
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JPMorgan is pitching first-to-default type instruments linked to equity-default swaps. The structure uses deep out-of-the-money equity barrier options known as equity-default swaps (DW, 2/6/03). Martin Bertsch, head of financial engineering in London, said it has started marketing the structures to sophisticated institutional investors and hedge funds.

JPMorgan is marketing deals with a maturity of five years, but Bertsch declined to comment on the size of any trades. The move is part of an ever increasing convergence between equity and credit derivatives. In the last year, banks have also started marketing collateralized debt obligations with an EDS component (DW, 2/8).

  • 24 Nov 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Mar 2017
1 Bank of America Merrill Lynch 10,650.87 23 11.13%
2 Deutsche Bank 8,169.49 17 8.53%
3 HSBC 6,243.46 23 6.52%
4 Citi 4,355.35 13 4.55%
5 SG Corporate & Investment Banking 4,273.37 17 4.46%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 JPMorgan 5,440.56 17 10.74%
2 Deutsche Bank 4,468.97 23 8.82%
3 UBS 3,742.72 17 7.39%
4 Citi 3,393.89 23 6.70%
5 Goldman Sachs 3,360.93 18 6.63%