Structured products
Arc moves to calm fears over Bear credit risk
Arc Capital & Income has reassured investors and advisors over products backed by beleaguered US investment bank Bear Stearns. Following the move, JP Morgan has issued a broad guaranty that covers all of Bear's existing and subsequent trading activities,…
Moody’s bids to improve RMBS process
As the US subprime mortgage crisis shows little signs of relenting and few new securitisations are coming to market, the process of identifying what went wrong and how future calamities might be prevented has commenced.
CS indicative market data
Data by Credit Suisse
Editor's letter
Editorial
Flight to simplicity
Conference report: Spain
Merrill launch frontier certificate
Merrill Lynch has launched the ML Frontier Index Certificate which is designed to provide exposure to the ML Frontier Index, which was launched earlier this month. (See SP Breaking News 6 March 2008). The certificate is a delta-1 tracker.
Barclays launches five new global and emerging markets ETFs
Barclays Global Investors (BGI) has launched five new international Exchange Traded Funds (ETFs). The iShares MSCI Israel, Thailand and Turkey Index Funds, listed on NYSE Arca, are the first ETFs to offer exposure to these markets, while the MSCI All…
HSBC Amanah launch sharia-compliant deposit
HSBC Amanah in the Middle East has launched the Amanah Premium Deposit Plus, a sharia-compliant deposit which is designed to provide exposure to a basket of global infrastructure stocks including energy, gas and electric utilities, transportation,…
Lyxor launches new ETFs on water and new energy
Lyxor Asset Management, the ETF arm of Société Générale, has unveiled two new ETFs investing in water and new energy. The Lyxor ETF New Energy is linked to the World Alternative Energy Index, a market cap-weighted benchmark comprising 20 stocks active in…
Blue skies
Profile
Essent Trading - Scaling barriers
In a frank appraisal of the state of energy trading in Europe, Essent Trading CEO Paymon Aliabadi tells Roderick Bruce about Essent's attempts to overcome the issues that still confront traders, and his vision for an integrated European market
The big freeze
The US subprime crisis has shown how market illiquidity can affect trading. Yet liquidity risk is a fact of life for commodity firms. William Rhode looks at how to mitigate it
Picking up the pace
Ceylon Petroleum Corporation, Sri Lanka's state-run oil supplier and refinery, is keen to increase its use of derivatives for hedging. But that's no simple matter for a government-owned company in an emerging market
EEX - An exchange of ideas
The European Energy Exchange is positioning itself as the key trading hub for Europe's energy and emissions markets. Roderick Bruce meets Tim Greenwood, head of UK operations at EEX, and Oliver Maibaum, sales and business development director, to discuss…
Germany's new dawn
For years a liquid, transparent and competitive gas market has failed to appear in Germany. Now there are signs of progress as dominant incumbents, pushed by domestic and international pressure, move slowly towards a market model, writes Roderick Bruce
Suppliers fight for green
A shortage of green power in the US has left some states struggling to meet mandatory renewables supply targets. Long-term supply contracts could help producers build new plants, but utilities and competitive suppliers are feuding over who gets to sign…
The right clients
A traditional approach to credit risk management is still the best, says Bill Lindsay of commercial property lender Eurohypo. Success depends on winning the best clients, he tells Rob Mannix
Valuing CDOs of ABSs
Charles Smithson and Neil Pearson discuss the valuation of collateralised debt obligations (CDOs), with a close look at CDOs of subprime residential mortage-backed securities