Banks face price pressure as deal-contingent competition heats up

Banks providing specialist derivatives that help private equity firms and companies hedge merger and acquisition and project finance risk have enjoyed a year of increasing demand for their products. But this has been matched by intensifying competition between banks.

  • By Ross Lancaster
  • 21 Dec 2018

Deal-contingent hedging originated with the big players in the private equity industry but has since spread to corporate clients and smaller sponsors. 

The product is mainly used to hedge foreign exchange risk in cross-border M&A transactions. But it can also be used

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1 JPMorgan 16,068.25 50 8.30%
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