Credit markets
A twist on the Arm
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Coup hits CDS markets
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A successor to VAR?
Regulators may be pressing banks to more rigorously stress test their portfolios, but when it comes to how hedge funds apply the technique, debate remains as to how and what they should be testing. John Ferry reports
Major banks reduce unconfirmed trades by 70%
Dealers with large derivatives portfolios have made significant progress in reducing the number of unconfirmed credit derivatives trades, according to the latest meetings organised by the Federal Reserve Bank of New York which were held in New York…
Credit derivatives to hit $33 trillion by 2008, says BBA
The global market for credit derivatives is expected to reach $33 trillion by the end of 2008, according to a British Bankers’ Association (BBA) report released at its credit derivatives conference last week.
CBOT developing credit derivatives contract and expanding metals coverage
The Chicago Board of Trade (CBOT) is planning to offer credit derivatives to its customers.
Citi reorganises structured credit
Citigroup has reorganised and expanded its global structured credit business. The firm has combined its cash and synthetic structured credit businesses and made some key hires, as well as establishing an illiquid structured credit trading business area…
Settlement biggest CDS market challenge, says Fitch
Prompt and efficient settlement is one of the biggest challenges facing the credit derivatives market, according to a survey published today by Fitch Ratings.
Thai CDS spreads blow out on military coup
A political crisis in Thailand has rattled Asian markets, causing spreads on credit default swaps (CDSs) on Thai sovereign bonds to blow out to over 50 basis points on Wednesday from 36bp a day earlier.
JP Morgan uses T-Zero for prime brokered CDS
New York-based technology firm T-Zero has announced its prime brokerage electronic affirmation utility has been used by a JP Morgan client for the first time.
Tradition plans high-yield CDS offering
Tradition, the London-based interdealer broker, plans to offer European high-yield and crossover credit default swaps (CDSs) by the end of the year.
US banks hostile to NPR in Fed meetings
Minutes written by Federal Reserve officials and letters written by trade associations highlight the strong differences of opinion over the shape of Basel II implementation in the US - especially over home-host issues.
Hot property
Derivatives
Reinventing the fund
Funds of Hedge Funds
A successor to VAR?
Strees Testing
Making green with ethanol
Financial investors and commodity traders are paying closer attention to the US corn crop, due to the potential impacts it may have on the growing ethanol market. Daven Voorhies explains