France opens borders to credit derivatives

France

sept04-france1-gif

French mutual funds are taking advantage of last year’s change in the country’s securitisation law, which now allows them to use credit derivatives, to increase their flexibility in an environment of tight bond spreads.

France was the first European country whose finance industry is based on civil law to enact a securitisation law in 1988. This paved the way for the creation of the mutual debt fund, or fonds commun de créances (FCC), which allowed the acquisition of receivables and issuance of de

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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 indvidual account here: