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Derivatives

BofA Plans Credit Derivatives On Single-Name ABS

Bank of America is planning to start offering credit derivatives referenced to single-name asset-backed securities.

Bank of America is planning to start offering credit derivatives referenced to single-name asset-backed securities. Brian Ratner, EMEA head of product management in the global structured products group, said, "We are working on this."

Charles Pardue, managing partner at the Prytania Group, said, "The growth in this market and the increase in demand is staggering."

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