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 enjoyed increasing demand for their products in 2018. But that boost in business flow means that the market has begun this year as an arena of intense competition between banks.

  • By Ross Lancaster
  • 03 Jan 2019

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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