
CSFB debuts Cindi
The high quality of the data set underlying the product distinguishes it from other default swap indexes such as JP Morgan Chase's Jeci and Morgan Stanley's Tracrs, claimed CSFB.
"We consider ourselves to have a comprehensive credit default swap pricing capability, which has been voted as one of the best in the market," said CSFB.
The bank is also aiming to release a set of sector-specific indexes in the next two to three weeks. Baldwin Smith, CSFB’s index group head, said the bank will launch a sovereign emerging markets index and a Japanese corporate index in the near future.
David Carlson, global head of G20 credit derivatives at CSFB, added that he believed the indexes could lend value in the future by allowing participants to trade sector baskets, rather than broad-based indexes.
"In the US, there are enough dealers trading default swap index products," said Carlson. "We think we will add value in the future by allowing participants to trade individual sectors, like retail, telecoms etc."
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.
Copyright Infopro Digital Limited. All rights reserved.
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]
Copyright Infopro Digital Limited. All rights reserved.
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]
More on Structured products
Derivatives
Repo-linked renminbi floaters fail to excite investors
Muted demand dents China’s hope for repo fixing to become debt market’s benchmark of choice
Receive this by email