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HSBC is marketing a series of leveraged super senior tranches denominated in euros, sterling and U.S. dollars.

Retail investors in Belgium and the Netherlands have been buying up a stock basket product launched last month by Fortis Investments.

Lehman Brothers is considering entering the burgeoning Indian derivatives market, including a fixed-income derivatives operation.

--Peter Hu, head of solution sales at Barclays Capital in Singapore, talking about a capital-protected note the firm has referenced to a Swiss fund of funds with a focus on natural resources.

Onshore players in Korea are eyeing the development of a domestic credit-default swap market in the coming months.

Credit derivative houses have begun structuring managed leveraged super senior deals and pitching them in Europe.

Nomura Securities has brought aboard Timothy Tsang, Asian head of private investor distribution at ABN AMRO in Hong Kong, in a new role as head of the private bank and investment advisory in Hong Kong, according to officials at the firm.

In our last Learning Curve (DW, 8/8) we introduced a local correlation model that makes correlation a function of the economy.

Three former Deutsche Bank professionals have teamed up to launch a New York-based manager, Overseas Advisors, which will both invest in and hedge with derivatives.

Primus Guaranty, a U.S. financial with a credit-default swap portfolio of USD12.2 billion, is gearing up to launch a credit derivative business in Europe and is recruiting staff for a London office.

RBC Capital Markets has structured a synthetic collateralized debt obligation to hedge a USD2 billion portfolio of U.S. asset-backed securities.

Pulsing demand for downside Euro STOXX protection sparked a pickup in one- and two-month implied volatility on the Euro STOXX 50 last Thursday, catching dealers and fund managers by surprise.