Bear Stearns has announced the formation of Bear Stearns Financial Products (BSFP) and Bear Stearns Trading Risk Management (BSTRM), two special-purpose global derivatives companies.
The new subsidiaries will allow Bear Stearns clients to execute fixed income and equity derivatives trades with either of two triple-A rated programmes.
BSFP is a wholly owned subsidiary of The Bear Stearns Companies Inc. BSTRM is in turn a wholly owned and fully guaranteed subsidiary of BSFP. BSFP is a continuation
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