JP Morgan trades first ever Korean won CDS


JP Morgan has set up a local-currency credit trading desk in Hong Kong that in December executed what it says was the first ever credit default swap (CDS) denominated in Korean won, with Korea Development Bank.

Terry Koh, previously head of Asia credit derivatives in Hong Kong, heads up the new desk, with his old position being filled by Henry Yoon. Koh's team - comprising three staff in Hong Kong and one in Seoul - will initially focus on CDSs denominated in Taiwan dollar and won. It will also

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options

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


Want to know what’s included in our free registration? 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 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