HSBC Eyes Taiwan Credit Market
HSBC plans to start offering credit derivatives in Taiwan in the coming months.
HSBC plans to start offering credit derivatives in Taiwan in the coming months. An official at the firm said it will likely begin offering credit-linked products in Taiwan dollars within three-to-six months.
The official noted that while only a limited number of onshore transactions have thus far hit the market, there is a lot of potential. Deutsche Bank, BNP Paribas and Crédit Lyonnais received the first batch of licenses last year (DW, 1/26).