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Accor's five-year credit-default swaps came in six basis points to trade at 87bps on Wednesday, before retracing on Thursday, according to a London-based trader.

Derivatives houses in Australia are considering offering baskets of equity-default swaps to retail clients, who are seen as among the most adventurous in terms of structured products.

Bank of America has hired Vincent DeLorenzo, head of North American short-term interest-rate trading at Citigroup Global Markets in New York, as global head of short-term interest-rate management.

Implied volatility on the U.S. dollar/Japanese yen currency pair jumped close to six-month highs last week, driven by market players' uncertainty about the direction of the pair.

Credit Suisse First Boston has hired Mauricio Esquenazi, Latin American derivatives marketer at Deutsche Bank in New York, in a similar role.

Deutsche Bank recently invited its global equity derivatives clients to Rome for its first annual conference. Elinor Comlay, reporter, attended.

European credit derivatives dealers have voted for the newly merged credit derivatives index to use rankings of trading volumes to select the index constituents.

Dresdner Kleinwort Wasserstein has reopened its Tokyo-based foreign exchange sales desk and is planning to hire staff to build up its presence.

Bertrand de Mazières, head of the Agence France Trésor in Paris, is looking at issuing its first non-euro denominated debt and restarting its interest rate swap program.

International Accounting Standard 39 requires all financial assets and liabilities, including derivatives, to be measured depending on their classification at either fair value, or amortised cost so as to record a constant effective yield.

Bank One's Chicago-based convertible bond desk is being disbanded following the recent acquisition of the firm by JPMorgan.