NPD losses force wind down

New angles

NIBC Petercam Derivatives (NPD), the Belgium-based equity derivatives specialist, has been forced to close its business after racking up millions of euros in trading losses on its portfolio of exotic equity options. The losses – which could exceed €60 million, according to some estimates – were caused by a failure to properly price the decline in equity implied volatilities over the past 18 months.

NDP clients such as Fortis Investment Management, Dexia Asset Management and KBC Asset Management

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 copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: