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Rocked by counterparty risk

The demise of Lehman Brothers has triggered fresh concerns about counterparty risk, creating a wave of novations and forcing dealers to think harder about the possibility of another major derivatives counterparty defaulting. Mark Pengelly reports

Demand for FX-linked structured products slows

Appetite for FX-linked structured products has waned over the past two months as investors have sought to unwind existing products, particularly structures based on carry trades. Meanwhile today’s decision by the Bank of Japan to cut interest rates from…

Claymore commences on Arca with 21 ETFs

NYSE Arca has started trading 21 Claymore exchange-traded funds (ETFs) after they were transferred from NYSE Alternext US, the former American Stock Exchange. The 21 ETFs cover a range of underlying asset classes, from emerging market countries to water…

ETF Securities emits first Carbon ETC in Europe

ETF Securities (ETFS) has listed the first carbon exchange-traded commodity (ETC) on the London Stock Exchange (LSE) offering exposure to the carbon emissions allowance futures market for the first time in Europe. ETFS Carbon tracks the ICE ECX EUA…

NDFA releases fifth issue of fixed income plan

NDFA has released its fifth Regular Fixed Income Plan October 08, which benefits from the tax efficiencies for dividend income from non-UK shares. The five and a half-year plan is linked to the FTSE 100 and provides either an annual income of 7.5% per…

DBS Bank aims to compensate investors in event of missell

DBS Bank in Singapore and Hong Kong will take responsibility for products it sold linked to Lehman Brothers if an investigation into misselling of the products yields any evidence. Compensation to investors will be dealt with on a case-by-case basis. The…

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