U.S. Structurers Hold Off M2M Avoidance Play

U.S. credit desks have not been jumping in and pitching a structure that allows holders to avoid mark-to-market positions that have been seen recently in Asia and Europe.

  • 27 Jun 2008
U.S. credit desks have not been jumping in and pitching a structure that allows holders to avoid mark-to-market positions that have been seen recently in Asia and Europe. The structures effectively negate the IAS39 accounting rule. U.S. players are not taking the plunge because they expect the Financial ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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3 SG Corporate & Investment Banking 1,292.64 1 7.32%
3 Rabobank 1,292.64 1 7.32%
5 Bank of America Merrill Lynch 1,226.20 5 6.94%