Morgan Stanley is mystery buyer of Natixis CDS portfolio

Matt Cameron
03 Aug 2010

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Natixis announced on July 5 it had disposed of most of the complex credit derivatives exposure contained in its Gestion Active des Portefeuilles Cantonnés (GAPC) portfolio, to a banking counterpart. The French bank has refused to name the buyer, but market sources claim it is Morgan Stanley.

The US bank also refuses to comment but is understood to have purchased the bulk of an €8.6 billion credit derivatives portfolio, contained in Natixis' GAPC structure – a portfolio of trades that the French

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] 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 [email protected]

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 [email protected]