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Credit spreads on General Motors Acceptance Corp, the consumer financing arm of General Motors Corp., pulled in more than 80 basis points last week after it agreed to sell USD55 billion in auto loans to Bank of America.

The International Swaps and Derivatives Association's fund-linked derivative definitions are on schedule to be published this fall.

U.S. firms will likely dive into fund-linked deals when hedge fund returns pick up.

JPMorgan and Cheyne Capital Management are pitching a first-of-a-kind collateralized debt obligation with capital protection.

JPMorgan has hired Benjamin Ho, a senior v.p. and tranche correlation trader with Lehman Brothers in New York, in a similar role.

Domestic houses in Korea have recently started issuing interest rate products to retail clients in a shift away from a market flooded with equity-linked structures.

A new instrument called a gamma swap is being pitched and it's creating a buzz in the European markets.

Jaime Rodriguez-Andrade, a correlation credit trader at Deutsche Bank in London, is joining Morgan Stanley's U.K. credit team.

--Olivier Renault, v.p. in the CDO research group at Citigroup in London, describing burgeoning demand for seven-year CDX and iTraxx tranches.

Swiss reinsurer Swiss Re is contemplating arranging a single tranche collateralized debt obligation of credit-default swaps referenced to asset-backed securities. A

The greenback regained its ground against the Japanese yen to pre-Chinese revaluation levels last week, but investors held back from buying up dollar calls.

Swiss Re Capital Management and Advisory is gearing up for a push into the equity derivatives market and has hired two managing directors from Lehman Brothers in New York to spearhead the move.