ISDA Considers Securitized Derivatives Forum

  • 07 Jul 2003
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The International Swaps and Derivatives Association is considering setting up a securitized derivatives forum, which would deal with a variety of issues surrounding structured listed derivatives. The trade association is due to discuss the plan at its board meeting on July 15.

Tim Hailes, assistant general counsel at JPMorgan in London, said securitized derivatives currently fall between two stools, the primary market Eurobond trade groups and ISDA, which has traditionally focused on the over-the-counter derivatives market. Because OTC derivatives have a direct impact on securitized derivatives, because dealers hedge the listed products in the OTC market, noted Hailes. "Most of the terms and conditions of a securitized derivative are ISDA driven," he explained.

  • 07 Jul 2003

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 67,814.25 217 8.37%
2 JPMorgan 64,786.86 230 8.00%
3 Barclays 55,262.22 183 6.82%
4 Bank of America Merrill Lynch 48,274.42 172 5.96%
5 Deutsche Bank 43,665.36 159 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 6,217.19 6 15.22%
2 Deutsche Bank 3,538.77 6 8.66%
3 Citi 2,570.45 7 6.29%
4 Commerzbank Group 2,532.05 5 6.20%
5 BNP Paribas 1,798.71 8 4.40%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UBS 998.25 3 12.17%
2 Citi 693.55 2 8.46%
3 Morgan Stanley 606.80 4 7.40%
4 Bank of America Merrill Lynch 509.34 3 6.21%
5 Jefferies LLC 409.89 4 5.00%