Feature
HSBC launches Guaranteed Capital Account.
HSBC Investments has launched its six-year Guaranteed Capital Account to intermediaries, offering both income and growth potential linked to the returns of the FTSE 100 index.
A force to be reconciled with
Reconciling portfolio valuation differences between energy risk management software packages is a crucial task both in system replacements and upgrades. Brian Shydlo of Sirius Solutions introduces the concepts and techniques associated with this activity
Currency correlations
While oil prices have been rising, the US dollar has staged a steady decline, leading to much speculation over the linkage between the two. Eric Fishhaut investigates their connection
Tready and tradable
Implementing a new energy trading and risk management system can be complicated, but the difficulty of preparing the entire business for change is often underestimated, say Michael Campbell, Cynthia Sepety and Dutch Holland of management consultancy…
Green backing
The financing of renewable energy projects is becoming more attractive, as rising demand and prices make it a safer investment. The subprime crisis will tip the balance further in favour of green investment and open up opportunities for end-users to…
Marking to the wrong model
Brett Humphreys and Sarbo Saha show how calibration can reduce model risk but may mislead us into thinking an inappropriate model is working
S&P becomes master of the inverse
S&P has launched the S&P 500 Inverse Index, which is designed to act as a short position barometer and offer the inverse performance of the S&P 500 and is the first to be launched as a part of S&Ps family of leveraged and inverse indexes.
Lehman launches enhanced returns plan 2
Lehman Brothers has launched the second version of its Enhanced Returns Plan. The plan, which is open from 16th January to 29th February, is linked to the performance of the FTSE 100 index and offers three return options within the three-year and the two…
Dow Jones and Dharma Investments launch new faith-based indexes
Dow Jones Indexes and private investment firm, Dharma Investments, have launched five Dow Jones Dharma Indexes designed to measure the performance of companies selected according to the value systems and principles of Dharmic religions, especially…
Dow Jones tightens grip in the Gulf
Dow Jones Indexes and the Omani stock exchange, Muscat Securities Market (MSM) have launched the Dow Jones MSM Index, a total market index that measures the performance of all companies listed on the MSM.
Lehman partners with Front in Finland
Lehman Brothers has agreed a partnership with Front Capital, a Finnish asset management, advisory and brokerage firm based in Helsinki. The cooperation will enable Front Capital to add Lehman Brothers' high-quality structured products to its range. The…
Too many losses to report, say US banks
Daily news headlines
Gallego to partner at Schulte Roth & Zabel
Dominique Padilla Gallego, a partner in the tax group at Schulte Roth & Zabel who focuses on US federal income tax matters related to structured finance transactions, financial products and investment funds, has been elected a partner at the US law firm.
RBS debuts in Japanese retail market
RBS Securities Japan has made its first foray into the Japanese retail structured products market with two, new structured bonds. The launch follows approval by Japanese authorities of shelf-registration status, granted in November 2007, that allows RBS…
Maybank issues new Islamic structured deposit
Maybank in Singapore has launched its second Islamic structured deposit, Prestige Structured Deposit, which is linked to the performance of the SGAM Al Baraka commodity index.
Barclays launches its latest regular income product
Barclays has launched its latest regular income bond. The investment is a five-year plan which pays investors an annual income of 7.25%. It offers tax-free returns when packaged inside an Individual Savings Account (Isa) or Personal Equity Plan (Pep.)
BNPP adds Tranter as head of European equity derivatives flow sales
Nick Tranter will join BNP Paribas as head of European Equity Derivatives Flow Sales on January 28. Tranter will also oversee the French bank’s equity derivatives business with UK clients. He will report to Denis Frances, global head of equity…
Lowenstein brings in derivatives expertise
Lowenstein has taken on Sherri Venokur as part of its investment management group. Venokur will be chair of the New York-based law firm’s derivatives practice group. Her appointment marks a move by Lowenstein to become more involved in the derivatives…
The drive for convertibles
Hedge funds are exploring opportunities in convertible arbitrage, a trade that appeared to have gone out of fashion permanently back in 2005. With the promise of lucrative returns having put this strategy firmly back on the map, investors now need to be…
Covered Bonds rates or credit?
In these times of uncertainty for the credit markets, covered bonds have become something of a refuge for investors. Their seniority in the capital structure and close relationship to Bunds have led some in the market to treat them as a proxy for rates…
Q&A - Ali Pichvai
The managing director of trading technology provider Quod Financial talks about multi-asset trading and how this technique can benefit both buy and sell sides
The Big Interview - Moody's
Brian Clarkson and Frederick Drevon from under-fire rating agency Moody's talk to Credit about what areas of their business they intend to tighten up and what effect the liquidity crisis may have on the broader market
Bailout time for SIVs
Investors are watching eagerly as banks unveil plans to restructure their ailing SIVs. Hardeep Dhillon looks at the various schemes and how they affect the proposed M-LEC 'super-SIV'