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Asian buyers driving callable SSA market have resurfaced in public benchmark deals
◆ 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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SSA
New contracts cannot yet be traded in US
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  • UBS has expanded its emerging markets debt, currency and derivatives sales group by hiring of Rod Eichler and Jeff Barker.
  • Bank of America Merrill Lynch has hired two senior bankers for its Asia-Pacific derivatives sales and trading team.
  • Goldman Sachs sold a reverse knock-out put on the euro against the U.S. dollar on Tuesday with a notional of USD1 billion and an expiry of around March 29.
  • The Bank for International Settlements’ Committee on Payment and Settlement Systems and the technical committee of the International Organization of Securities Commissions (IOSCO) are about to issue a consultation that will focus on trade repository best practices for the first time.
  • Korea Exchange and the Korea Securities Depository have emerged as leading candidates to clear over-the-counter derivatives in South Korea.
  • The Japanese Financial Services Agency has moved away from the idea of giving a future central counterparty clearer the power to decide on bankruptcy credit events.