CDS options emerge in Asia

- Nick Sawyer
- 21 Jun 2004

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The two $10 million trades were closed with a six-month option to buy five-year protection on Hutchison Whampoa at 125 basis points with a delta strike at 116bp. Five-year credit protection on Hutchison Whampoa is currently trading around 100bp in the interbank market. Bear Stearns, BNP Paribas, JP Morgan Chase and Merrill Lynch were counterparties on the two trades.

“CDS options come naturally as a tool to enhance risk management and allow further product development in that area,” says Emmanuel Ramambason, head of credit trading Asia, at BNP Paribas in Tokyo. “BNP Paribas is quite bullish about this product family; we want to be at the forefront of its start in Asia.”

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net