Derivatives - All Articles

  • More Than 90% Of IR Swaps Mis-Sold, Says FSA

    The U.K. Financial Services Authority says more than 90% of the interest rate swaps sold by big banks to small businesses did not comply with at least one or more regulatory requirements.

    • 31 Jan 2013
  • E.U. Lawmakers Warned Not To Vote Down Regs

    Michel Barnier, the European Union’s commissioner of internal markers, has written a letter to European lawmakers warning them not to vote down proposed derivatives regulations.

    • 31 Jan 2013
  • Big Banks May Pay GBP5 Bln Over IR Swaps

    Barclays, HSBC, Lloyds and the Royal Bank of Scotland may pay up to GBP5 billion (USD7.94 billion) to compensate small businesses that claim losses from interest-rate swaps mis-sold to them by the banks, according to analysts.

    • 31 Jan 2013
  • First S. African Bank Clears OTC Through LCH

    The corporate and investment banking unit of Apsa Bank has become the first local South African bank to clear derivatives through a central clearing counterparty, LCH. Clearnet.

    • 31 Jan 2013
  • CFTC To Study Swaps-To-Futures Shift

    The U.S. Commodity Futures Trading Commission will focus on the shift from swaps to futures as exchanges have set “extremely low threshold sizes for block trades in the futures contracts,” according to Scott O’Malia, a Republican member of the CFTC in a speech.

    • 31 Jan 2013
  • Canadian Bank Sells S&P-Linked Structured Note

    The Canadian Imperial Bank of Commerce has sold USD3.25 million for an 18-month structured note linked to the S&P 500, its first such offering in the U.S. in nearly nine years.

    • 31 Jan 2013
  • Canadian Bank Sells S&P-Linked Structured Note

    The Canadian Imperial Bank of Commerce has sold USD3.25 million for an 18-month structured note linked to the S&P 500, its first such offering in the U.S. in nearly nine years.

    • 31 Jan 2013
  • Widening iTraxx Opens Risk Reversal Opportunity

    The recent widening of the iTraxx Main has opened up the opportunity to take a bullish position on the index by selling a risk reversal.

    • 31 Jan 2013
  • Q&A: UBS’ Andrew Kaufmann

    Investors are moving away from three-to-five year 100% principal protected trades, and shifting into shorter tenors with less protection due to changes in interest rates, Andrew Kaufmann, global head of fx structuring at UBS in London, told DI in an interview.

    • 31 Jan 2013
  • Novel Collateralized Floating Rate Structure Surfaces

    UBS is marketing unique collateralized floating rate notes linked to three-month USD Libor and the credit risk of the Swiss Confederation—the first of their kind to be offered publically in Switzerland.

    • 31 Jan 2013