Derivs - Credit
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Scottish Widows Investment Partnership has hired two investment-grade credit analysts to work in its high-yield team in New York as part plans to build out U.S. operations.
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The International Swaps and Derivatives Association has written the Commodity Futures Trading Commission a letter saying that the forwards exclusion requirements under Dodd-Frank are too strict.
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Janney Capital Markets has hired Kevin Roche and Jeff Miller as managing directors as part of its move into structured product underwriting and origination.
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The Hong Kong Exchange plans to roll out client clearing within six-to-nine months after its clearinghouse Over-The-Counter Clear Hong Kong begins operations with interdealer trades.
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Investors should buy five-year senior credit default swaps and five-year subordinated CDS on Deutsche Bank on the view that the firm is trading too tight in the market compared to its peers, according to Société Générale.
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Derivative.com, the Zurich-based multi-dealer structured product platform, has begun offering discount certificates.
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Local Japanese financial institutions are diversifying away from U.S. counterparties when entering into swaps contracts in a bid to sidestep or delay registration as a major swap dealer with the U.S. Commodity Futures Trading Commission, according to market participants.
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ICAP and Rapid Ratings have jointly launched a service to provide data for the credit derivatives market on an end of day basis on entities in the Eurozone. -
John Thang, managing director and co-head of fixed income sales, North East Asia, at Standard Chartered in Hong Kong, will be moving to a similar position at ANZ.
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Sovereigns, and the credit market as a whole, remain in limbo while Spain’s fate is uncertain.
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LCH. Clearnet has launched its SwapClear Consultancy Certification Program which will certify consulting firms to advise end-users about OTC derivatives clearing.
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Loh Boon Chye, former head of corporate and investment banking for the Asia-Pacific at Deutsche Bank in Singapore, is joining Bank of America Merrill Lynch as the new head of Asia Pacific global markets.
