Merrill Lynch and Axa Real Estate Investment Managers have executed the first French property derivatives swap.The total-return swap is linked to the index on French commercial property, run by the London-based Investment Property Databank.
Cyrus Korat, head of structured credit trading at Merrill Lynch, said the French deal followed the rapid growth of activity in UK property derivatives. He added that property derivatives products were generating a lot of interest in mainland Europe.
More on Structured Products
Regulatory panel suggests backtesting internally is best practice
Growing appetite for ETFs buoys market confidence
The region's exchange-traded funds take in $56.2bn by end of October
US SEC exempts exchange-traded managed funds from disclosure protocols
Sign up for Risk.net email alerts
Sponsored webinar: IBM Risk Analytics
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.