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
Target redemption forwards with capped loss structure set for launch
€50m structured note combines green bond with ethical equity index
Hichem Souli joins Baml as head of Emea client solutions distribution
Investors shrug off smaller coupons and higher barriers in August
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.