Derivs - Interest Rate

Citigroup is in discussions with clients to set up secured loan facilities that would allow end users to convert a range of assets into cash to be used as collateral at clearinghouses.

After all the speculation around Federal Reserve Chairman Ben Bernanke’s Jackson Hole speech, one could be mistaken for feeling it ended as a rather tepid affair, not that some participants were complaining about this mind you.

The European Council has taken a stricter stance on pension funds clearing over-the-counter derivatives in the latest draft of the European Market Infrastructure Regulation.

Some insurance companies, who typically buy long-dated variance swaps or long-dated put options to hedge their variable annuity exposure, have instead been selling their long-dated variance positions and buying back short-dated put options in size as a substitute hedge over recent weeks.

Hu is global head of inflation trading at Credit Suisse in London.

The China National Association of Financial Market Institutional Investors’ is reportedly planning to require counterparties to start using its master agreement for all yuan-denominated derivatives contracts, including offshore CNH deals.

The Canadian Securities Administrators could impose undue regulatory requirements on the jurisdiction’s structured product industry if they do not amend a current proposal that attempts to regulate securitized products alone.

Putting your rubber stamp to anything in politics can be the make or break in your career.

BNY Mellon Clearing has joined CME Group as a clearing member for over-the-counter interest rate swaps.

Market participants projected a couple more longevity swaps could close by the end of the year, spurred by ITV’s announcement of the completion of a GBP1.7 billion (USD2.7 billion) transaction this week.

Credit Suisse is looking at setting up a cash and derivatives inflation trading desk in Singapore within a year in response to global investor demand for the high yields in that market.

Nomura is considering launching a click ’n trade platform for structured products, an electronic interface that allows private banks and securities firms to input preferences for a structured product and get a price.