Free content

Credit derivatives such as CDOs have become extremely popular as they represent a straightforward vehicle for credit correlation trading.

BNP Paribas has emerged as the acquirer of Crédit Industriel et Commercial's structured equity book.

Deutsche Asset Management is boosting its marketing desk in Taiwan with a pair of derivative marketers from ABN AMRO in the city as part of foray in to structured products.

Index credit-default swap trades including Delphi are set to be cash settled and single-name trades will be physically settled, according to an agreement reached by a collection of major firms and the International Swaps and Derivatives Association.

Stamford, Conn.-based DKR Capital is liquidating its USD100 million DKR Varick Fund.

Credit officials in Japan are seeing increased demand for equity tranche components in synthetic CDO deals.

Jonathan Dorfman, former head of global structured credit and group risk manager at Morgan Stanley, has quietly exited the firm.

Credit protection on General Motors Corp. and General Motors Acceptance Corp. diverged this week on the companies' third quarter financial results, reported Monday, and on speculation about GM's sale of controlling interest in GMAC.

Goldman Sachs is gearing up to begin derivatives trading onshore in Korea in the coming months on the back of applying for a banking license.

Wall Street dealers, fearing further Federal Reserve scrutiny, last week were pressing hedge fund refuseniks to sign up to the International Swaps and Derivatives Association's novation protocol (DW, 9/30).

HSBC International is following the recent flood of investment product distributors offering property-linked investments.