Derivs - Credit
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Reserve Bank of India draft rules requiring cash settlement of derivatives has dealers upset because it would nix using structured options to reduce the cost of a hedge restructuring.
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A new slate of legal definitions to clear up the persistent succession issue in credit derivatives are in the works.
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Credit default swaps trading on single names has remained sluggish this week, with most of the activity centered on indices. -
Spot on the euro/U.S. dollar sank lower this week from EUR1.5777 Friday to EUR1.5450 Thursday morning.
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Reduced activity in the structured credit market has led to an uptick in restructurings for BNP Paribas in London.
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Rising inflation is potentially the biggest risk to Asian credit spreads, a Morgan Stanley credit analyst has warned.
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Credit derivatives lawyers cheered a U.S. District Court ruling delivered Tuesday as a confidence boost to the market that credit default swaps will hold up under contract law.
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London-based asset manager Credaris will deploy credit default swaps in a new credit fund it plans to launch in the fourth quarter.
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Bids for bespoke super-senior tranches returned on Tuesday after a brief hiatus as rumors of unwinds returned to the market.
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Super-senior CDX tranches traded in line with their model values for the first time in several weeks on Monday as the rest of the standardized tranches saw spread tightening.
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The meeting at Federal Reserve Bank of New York yesterday to review the infrastructure of the over-the-counter derivatives market, first reported by DW Online, drew some buyside attendees.
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A sleepy start to European credit default swaps this week has seen an uptick in trading on indices.
