Derivs - People and Markets

Credit default swap traders say investor fears on names that have exposure to countries where swine flu is present is waning.

U.K.-based Cater Allen, a private banking subsidiary of Santander, has launched its second FTSE-linked Capital Guaranteed Defined Return Plan—also the first that gives investors a choice of two terms: 3.75 years or 5.5 years.

Corporate credit default swaps in Asia are expected to trade tighter than their respective sovereign counterparts, credit analysts at Morgan Stanley predict.

New York investment bank Westwood Capital has added co-heads of fixed income advisory and trading, who are looking to expand the business with new hires and capabilities.

Markit is planning to roll out carbon trading indices along with a number of products and services.

Independent research firm CreditSights has hired Atish Kakodkar as a senior strategist in credit derivatives in New York. He starts today, replacing Brian Yelvington, a senior macro strategist, whose departure date could not be determined.

FINCAD, a derivatives valuation and risk management software provider, is rolling out a dynamic structured products valuation system, named F3 SDK, in a bid to become more competitive in the over-the-counter market.

Anice Lajnef and Dimitri Kassathine, directors in single stock derivatives trading at Société Générale in Paris, left the bank last week.

Qatar-based Al Mal Bank is on the hunt for over-the-counter equity and credit derivative specialists, according to an online job listing posted by Nazim Omara, managing director and ceo of the newly established Islamic investment bank.

Vishweshwar Anantharam, head of Asia global macro sales at Citigroup, has left the firm and is widely tipped for slot at Goldman Sachs in Hong Kong.

The auction to cash settle credit derivatives referencing General Motors has yielded a result of 12.5% for credit default swaps, and 97.5% for loan-only CDS.

Amherst Holdings’ move to arrange for bondholders to be repaid—preventing its clients from paying out hefty sums on credit default swap protection—is seen by some lawyers as within the rules of the game in the world of CDS.