Derivs - Credit

It was around this time last year that Greece’s credit spreads were breaking new ground in volatility.

BNP Paribas is recommending options trades on the iTraxx Crossover to take advantage of the low volatility environment.

Clariden Leu is marketing structured floored floater notes with capital linked to four-year fixed rate notes issued by Glencore Finance.

JPMorgan has reopened a structure that provides double short exposure to the U.S. 10-year Treasury futures index within an exchange-traded note with no buffer or protection to the positive performance of the index.

The Australian Securities and Investments Commission is recommending new laws that would require retail over-the-counter derivatives players to report 12-month cash flow projections and also increase their capital requirements, according to a proposal paper issued today.

The International Monetary Fund, European Commission and the European Central Bank are often referred to as the “troika” thanks to their joint role in addressing the eurozone debt crisis.

BNY Mellon is developing support for swap execution facilities and the ability to report to trade repositories in anticipation of the finalization of derivatives regulations.

The South Korea National Assembly has approved a tax on non-deposit foreign currency liabilities, that could capture foreign currency collateral held against derivatives transactions, beginning Aug. 1.

Barclays Capital has hired Benjamin Clerget as a director and index derivatives trader in Hong Kong, according to an official familiar with the move.

JPMorgan has added Ruediger Rohner and Jana Michailova to its London-based credit sales team.

Morgan Stanley has hired ex-Barclays Capital salesman Stephane Babin in Paris to sell rates and credit, both cash and derivatives.

Peter Fung, the former managing director and head of exotics trading for the Asia Pacific at Deutsche Bank in Hong Kong, is being tipped to join Barclays Capital in a similar role, according to officials familiar with the move.