Infrastructure
The fight is on for LCH
US clearing giant The Depository Trust & Clearing Corporation (DTCC) has insisted that a merger with London-based clearing house LCH.Clearnet would be completed by the end of March, despite a possible rival bid.
Increase in institutional users of US-listed ETFs amid market turmoil
In the first nine months of 2008, 2,457 institutional investors across the world used one or more exchange-traded funds (ETFs) listed in the US, according to Barclays Global Investors' ETF Landscape Review. The US, UK, Canada, Spain and Switzerland have…
Auction sets settlement values for LyondellBasell companies
An auction run by data vendor Markit and broker Creditex determined final settlement values for credit derivatives trades referencing three US-based subsidiaries of Netherlands-based chemical company LyondellBasell, today.
Unblocking the euro pipeline
Last month brought a huge EUR48.4 billion of new corporate bonds, more than half the total amount of supply one investment bank predicted for the whole year in the euro market. Matthew Attwood looks at the drivers of the trend, and finds that in one…
Credit ratings newcomer hires ex-S&P president
Credit rating agency Rapid Ratings adds Kathleen Corbet to its board in a push to increase awareness of its rating system which measures financial health rather than creditworthiness
Volatility forces iBoxx to change index rules
Wide discrepancies in prices submitted by banks meant that iBoxx indices were not accurately reflecting market values, so the index custodian has relaxed the inclusion criteria for prices
The repo effect
The ability of banks to use securitisation deals as collateral for repo funding from central banks has resulted in larger deals with more esoteric assets. Laurence Neville looks at how this change is affecting the securitisation market as a whole
Q&A: David Pagliaro & Peter Jones
Two S&P executives explain how the rating agency's ABSXchange platform for structured products and the VSS valuations service benefit investors in today's unpredictable markets
Software Survey 2009
Software Survey 2009
Lean machines
Technology
Common currency
Markets
Market snapshot
Market Analysis
Portal combat
The first central clearing houses for credit default swaps were expected to start business in December, but regulatory hold-ups delayed the launch in the US and are also causing issues in Europe. Although four ventures are planned, some dealers expect…
Islamic inroads
Cover story
A model approach
Technology