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This year saw the introduction of licenses to trade non-renminbi derivatives in China and a burgeoning market access product industry, though it may be short-lived.

The emerging derivatives markets, particularly Southeast Asia and India, are expected to attract greater international interest because of further capital markets rule relaxation.

The Canadian dollar continued to weaken against the greenback last week, hitting roughly CAD1.2382 Wednesday from CAD1.

ISDA plans to publish commodity confirmation templates to fit alongside its 2005 commodity definitions, which it expects to complete by June.

Rule changes across Asia, but most importantly in Taiwan and Thailand, have continued to feed the collateralized debt obligation boom by allowing more investors to purchase the deals.

A debate surrounding what should constitute a credit event is a delaying the International Swaps and Derivatives Association's standard document for credit derivatives referenced to asset-backed securities.

The debut of option contracts in China is imminent, marking a further step in the development of the mainland's financial markets.

Equity derivative houses are scrambling to innovate themselves out of the short correlation position they have built up through selling structured equity products.

This year structured equity derivatives were the hottest product and banks are positioning themselves for another big year.

Money talks and this year it's saying equity derivatives are on the way up and credit derivatives are waning.

Investors across Europe have bought capital-protected exposure to a range of asset classes this year and shunned complicated equity structures, such as cliquets and worst-ofs that offer exotic payoffs.