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Canadian energy giant Husky Energy has entered a floating-to-fixed oil price swap in order to hedge oil revenues through the year.

BMW U.S. Capital plans to enter a currency swap to convert a recently issued GBP100 million (USD183 million) bond into U.S. dollars.

Barclays Capital, Royal Bank of Scotland and Eurohypo in conjunction with Deutsche Bank, are leading the effort to establish a property derivatives market in the U.K., worth a potential GBP10-20 billion (USD18-36 billion).

Eurex held its first meeting with derivatives dealers last week in London to hash out the specifications for a credit derivatives futures contract.

The sterling/dollar spot rate jumped to USD1.844 from USD1.785 over the week, driving one-month implied volatility to nearly 10% from 9.4% the week before.

David Bullen, foreign exchange options trader at National Australia Bank, outlining his unusual response to being suspended while the NAB investigates rogue trading losses.

Five-year credit protection on General Motors Acceptance Corp. bucked a general widening trend last week before market rumors pushed its spreads into line.

JPMorgan has prized the top spot from Citigroup in Institutional Investor magazine's ranking of derivatives dealers.

Lehman Brothers has hired Jason Schechter, an executive director in securitized products at Morgan Stanley in New York, as a senior v.p. in secondary CDO trading.

Australia's Macquarie Bank is planning to offer clients synthetic collateralized debt obligations linked to the domestic asset-backed and mortgage-backed markets this year.

Australian derivatives houses have started to review their risk management procedures in the wake of National Australia Bank's AUD600 million losses on unauthorized foreign exchange options trades.

Andrew Pipa, head of convertible bond trading at Morgan Stanley in New York, is setting up a convertible bond hedge fund that will include trading convertible arbitrage strategies.