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U.S. corporates are getting into a variation on traditional accelerated share repurchase plans, known as flexible or discounted ASRs.

Short-dated implied volatility on the U.S. dollar/Mexican peso spiked last week as traders scooped up options to cover positions on emerging markets currencies.

Bespoke collateralized debt obligations with five-year tenors have returned to the structured credit stage after a drought of several months.

Fortis Investment Managers is marketing a novel share-basket deal in France, based on a zero-coupon bond and equity option structure.

Don Lee, head of foreign exchange options trading at HSBC in New York, has left the firm, as has Steve Popp, responsible for fx derivatives trading at Barclays Capital in New York.

The number of multi-currency exotic options is large and growing.

JPMorgan in London has hired Raymond de Kuiper, previously at Morgan Stanley, as a v.p. and derivatives marketer covering Northern Europe.

Equity houses in Korea are pushing for regulators to change trading rules for the nascent warrants market in order to boost liquidity.

Dirk Roethig, managing director and global head of securitization at IKB Deutsche Industriebank in Düsseldorf, has left the firm. IKB is one of the largest collateralized debt obligation investors in Europe, according to dealers, and Roethig headed the investment team. Roethig could not be reached, but Roland Nolte, spokesman, confirmed the departure, adding he has not yet been replaced. It could not be determined if Roethig has taken a new position.

Alex Bernand, managing director and head of structured credit trading at Bank of America in London, has quit the firm. Credit officials have connected him with a role at Deutsche Bank where he is expected to fill the position left by Mark Stainton, former managing director and global head of credit correlation trading, who jumped to Chicago's Citadel Investment Group in November (DW, 11/28).

Credit Suisse is planning a U.S. roadshow for a London-based collateralized equity default obligation later this month. The deal, called CEDO IV, is the fourth in a series of static synthetic collateralized debt obligations referencing equity-default swaps and the first brought to the U.S. The roadshow is intended to test interest for a product previously marketed only in Europe and Asia.