Asia Risk - Asia Risk April 2013

Articles in this issue
Asian thermal coal swaps trade picks up steam
The China-based API8 index has provided a risk management solution to the coal contract defaults that befell the industry last year and is gaining traction as one of the latest Asia-based commodity derivatives
Combating the collateral crunch
Sponsored statement: BNY Mellon
Wrong-way risk, credit and funding
The risk of exposure and counterparty default probability both increasing – so-called wrong-way risk – is usually understood in terms of the correlation between the two variables. But this approach focuses more on the centre of the distribution. This…
Perpetual sub debt from insurers appeals to investors
Perpetual dawn
Volatility structurers turn to FX and rates as equity disappoints
The volatility merry-go-round
China ETFs surge as offshore investors look to avoid QFII restrictions
Chasing the dragon
Bond wave boosts fixed-income ETF issuance
Bonding agents
Special report: ETFs
The evolution of ETFs
Singapore NDF probe hits market liquidity
Suspect delivery
Renminbi liberalisation reduces demand for NDFs
The NDF of the line?
Special report: FX
Forwards backwards
European CVA rules put Asia banks at disadvantage
Competitive disadvantage
Editorial: Return to sender
Return to sender
A global RMB: Inventing the necessary
Sponsored statement: DBS