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◆ Public sector issuers embrace hedge fund bid... ◆ ... as they flex in the swap market ◆ Car makers welcomed back to bond market
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New contracts cannot yet be traded in US
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  • Credit default swap trading volumes have plunged between 40% and 60% since their pre-crisis level, according to estimates by executives at four of the largest swap dealers.
  • The European Commission has published a consultation paper pressing for clearer language in sales documents for so-called packed, retailed investment products, or prips, which include structured products.
  • The Seoul Central District Court has dismissed complaints filed by small- and middle-size enterprises alleging that knock-in, knock out currency derivatives are constructed in a way to benefit the banks that sell them.
  • Credit default swap spreads on Portuguese and Spanish sovereign debt widened to record levels despite the announced bailout of Ireland.
  • BNP Paribas Corporate and Investment Banking has expanded its U.S. equities strategy team with the hiring of Stephen Salemy, Greg Lantz and Anne Cameron for its New York-based global equities and commodity derivatives group.
  • Gregory Park, who left his position last month as Asia head of securitization products at Deutsche Bank, plans to launch a hybrid hedge and private equity credit fund within the next six months.