Diamond derivatives due

Risk staff
01 Apr 2007

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UK-based cut diamond market data provider Polished Prices is putting together a working group aimed at creating a market in diamond derivatives following a meeting with the International Swaps and Derivatives Association.

The group will comprise around 10 representatives of financial firms and industry players, and will work primarily towards achieving a tradable index. It will try to establish firm proposals on documentation, including issues such as basket composition and pricing sources

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