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A recent case in London's Commercial Court, Peekay Intermark v Australia and New Zealand Banking Group, highlights what can go wrong if a salesman misrepresents the nature of a product to an investor, even a sophisticated investor.

Demand for Japan-linked structured equity products is surging in Asia, following elections last month.

Derivative dealers in Manila are anticipating the launch of bond future contracts in the interbank market in the coming months with hopes to list the product next year.

An estimated USD70 billion in notional has been traded on the North American synthetic asset-backed security market since the International Swaps and Derivatives Association published documentation templates for the trades in June, said dealers at a CDS on ABS ISDA seminar in London recently.

Credit officials in Japan are expecting synthetic collateralized debt obligations with step-up subordination to take off in the coming months, following initial forays and growing client awareness.

--Andrew Jackson, risk manager at Cairn Capital in London, airing a commonly held view among credit derivative players.

Lehman Brothers has hired Raj Dhown, a senior credit salesman and latterly co-head of Deutsche Bank's CDO origination and distribution to Europe and Asia. An official at Lehman confirmed the hire but was unable to provide Dhown's exact role, or to whom he will report. Dhown and Mark Lane, spokesman for Lehman in London, did not return messages.

Pradeep Jhanjee, head of structuring rates, hybrids and FX at Credit Suisse First Boston in New York, joined Barclays Capital yesterday. Jhanjee confirmed the move declining to provide a reason. Karina Byrne, a spokeswoman, said he was hired to be the director/head of U.S. rates client solutions, reporting to Kashif Zafar and Tim Cassidy, co-heads of U.S. rates sales. Zafar and Cassidy were not immediately available for comment.

The fate of the Doha round of trade negotiations hangs in the balance.

Zeti Akhtar Aziz, the central bank governor of Malaysia, explains her strategy in an interview with Emerging Markets

An exclusive interview with China's finance minister

Diplomatic relations between Japan and China have hit rock bottom. But the economic fates of the two countries have never before been so closely entwined