Derivatives have emerged on just about everything, from interest rates to freight to weather. Property, however, has remained out of the picture – until now. The first property swaps were transacted in the UK at the end of last year, and while several attempts to get these products off the ground in the past have ended in failure, bankers reckon that this time, the property derivatives market could finally take off.
The first deal was transacted last December, a £50 million total return swap
The week on Risk.net, July 7-13, 2018Receive this by email