Bear Stearns Sets Up Two Triple-A Derivatives Trading Subsidiaries

MANAGEMENT & OPERATIONS

Bear Stearns has announced the formation of Bear Stearns Financial Products (BSFP) and Bear Stearns Trading Risk Management (BSTRM), two special-purpose global derivatives companies.

The new subsidiaries will allow Bear Stearns clients to execute fixed income and equity derivatives trades with either of two triple-A rated programmes.

BSFP is a wholly owned subsidiary of The Bear Stearns Companies Inc. BSTRM is in turn a wholly owned and fully guaranteed subsidiary of BSFP. BSFP is a continuation

To continue reading...