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IXIS Corporate & Investment Banking has established a credit derivatives structuring desk for Asia out of Hong Kong as part of a push in the region.

Months of spread tightening on the European iTraxx suite reversed this week on the back of players exiting long bond/short credit-default swap positions.

One need look no further than the settlements paid by financial institutions post-Enron--over USD7 billion--to recognize that complex structured finance transactions have the potential to create enormous risk to the entities engaging in those transactions.

Ajay Khanna, managing director and head of equity derivatives trading at Wachovia Securities in New York, has left the firm.

Andrea Morresi, head of equity derivatives investor marketing at JPMorgan in London, has left the firm.

A group of dealers were meeting as DW went to press to discuss the creation of a loan credit-default swaps index.

Korean banks are picking up investment in synthetic collateralized debt obligations, as they look to improve balance sheets for the approach of the Basel II accords.

Tim Collins has joined Lehman Brothers in New York as head of U.S. synthetic marketing.

Malaysia's central bank has been quizzing international firms about collateralized debt obligations and that has some forecasting the regulator may green light the market.

A growing number of synthetic credit investors in the Middle East are launching credit trading units.

Morgan Stanley has hired Arnaud Droitcourt, head of Asian equity derivatives trading at Calyon in Hong Kong, for a new role as executive director and head of exotic trading in the city.