Derivs - Equity

A popular structure allowing emerging market entrepreneurs to borrow against their equity holdings and hedge funds to take on the credit exposure to the loan is being revived by adding warrants to capture upside on the equity.

BNP Paribas has launched a unique quantitative volatility fund in Asia.

The Korean Financial Supervisory Service has given the green light for warrants referencing offshore indexes.

Structured products referencing financial stocks are taking off with private bankers in Asia and some are aiming to pitch the play in the mass retail market to meet demand there.

Investec Bank is open to working with a third-party structurer on retail offerings if it is offered competitive pricing, according to Gary Dale head of intermediary distribution in London.

Gilles Drukier, head of equity derivatives sales to French-speaking countries at Merrill Lynch, has left the firm and is expected to resurface at JPMorgan in London.

Credit Suisse is launching capital protected notes linked to a number of unit trusts. The notes will be sold to Australian retail investors, via Macquarie’s distribution network.

The Securities and Exchange Board of India has amended regulations to ease the restrictions for registering as a foreign institutional investor.

Bill Beller, Citigroup’s former head of emerging markets equity derivatives trading in London, will start at UniCredit next month.

Joseph Chan, senior managing director of structured equity product sales at Bear Stearns in Hong Kong, has left the firm.

Singapore’s first property index could be released in the next two months, said officials close to the situation, sparking hope that Singapore is not far from seeing the first over-the-counter property derivative transaction.

Deutsche Bank’s London-based head of index trading, Chris Craig-Wood, has left on sabbatical.