Derivs - FX

The board of directors of corporates will become responsible for risk management oversight, which typically covers derivative use, as opposed to the audit committee, under a Monetary Authority of Singapore proposal in a new consultation paper.

Ryan O’Grady is co-founder and ceo at recently formed ROW Asset Management, an investment management firm which takes a systematic approach to currency positions, which are set up via forwards and non-deliverable forwards.

Before The Dodd-Frank Wall Street Reform and Consumer Protection Act, loan credit default swaps and loan total return swaps were outside the ambit of each of the Commodity Exchange Act, the Securities Act of 1933 and the Securities Exchange Act of 1934.

Credit Suisse has launched a structured product linked to eight microfinance local currency loans, the first of its kind according to structurers in Europe and Asia.

Since early 2010 and when the term “PIIG” entered the daily financial language, there has been significant interest in the debt exposure of the major banks to the ongoing European periphery concerns.

Imposing central clearing and exchange trading requirements on the foreign exchange swaps and forwards market might actually increase, rather than decrease, systemic risk, according to the Investment Company Institute.

Eurex Clearing is about to offer segregated accounts for clients of clearinghouse members for over-the-counter derivatives, the first central counterparty to do so.

FX options players largely stayed on the sidelines this week, and strategists from Société Générale are looking towards put spreads on the Euro versus Swiss franc as a means of capturing Euro bearish sentiment without overly committing to the trend over the next few weeks.

Foreign currency collateral held against over-the-counter derivatives transactions should be exempt from a new levy on non-deposit foreign currency liabilities in South Korea, according to a letter from the International Swaps and Derivatives Association.

Phillip Capital Management is looking to launch two new funds in Singapore, the Phillip S-REIT Fund and the Phillip RMB Bond Fund, according to documents filed with the Monetary Authority of Singapore.

Aviva Investors has launched the Aviva Investors Defined Returns Fund 10, a collateralized capital protected OEIC.

PSigma Investment Management has announced it will launch a global equity income fund June 17.