Expert round table

What do buyers of inflation derivatives want to achieve? And how are investment banks going to help them achieve it? Those were the central themes of a round-table discussion organised by Risk in London last month, chaired by Nicholas Dunbar

Risk: Let’s start by asking the end-users of inflation products here to tell us what their objectives are, and what their experience of using inflation derivatives has been

Jan Daems: I work for the financial engineering and derivatives department at Dexia. My job is to work on the pricing, structuring and modelling of inflation products. We have focused on these kinds of products for the past six months, and have two kinds of products: inflation-linked bonds issued to our retail