News
Isda AGM Singapore: MAS warns about back-office frailties
Banks must continue to improve their infrastructure for the settlement of derivatives trades to keep pace with developments in the front office, said speakers at the International Swaps and Derivatives Association’s annual general meeting in Singapore…
Isda AGM Singapore: Dana CDS index protocol published
The International Swaps and Derivatives Association has published a protocol solution to facilitate the settlement of credit derivatives trades involving Dana Corporation, which filed for bankruptcy on March 3, 2006.
Merrill Lynch structured credit director defects to Deutsche Bank
Deutsche Bank has lured Jay Bryant from Merrill Lynch to work as a director in its collateralised debt obligations (CDOs) division in New York. He joins after nine years at Merrill Lynch, where he most recently held the position of director of structured…
Isda AGM Singapore: Two new Isda board directors elected
The International Swaps and Directive Association (Isda) elected 10 directors, including two newly elected to the role, at its annual general meeting in Singapore today.
Isda AGM Singapore: Isda working on sharia-compliant documentation
The International Swaps and Derivatives Association is working to develop formal documentation for sharia-compliant derivatives transactions, chief executive Robert Pickel told RiskNews at an interview at the association’s annual general meeting in…
Isda AGM Singapore: Isda launches FpML services
The International Swaps and Derivatives Association will launch financial products markup language (FpML) services to support the use of the business information exchange protocol used to facilitate electronic dealing and processing of privately…
GFI launches dry freight physicals desk
GFI has hired four brokers for its new dry freight physicals desk in London. The New York-based inter-dealer broker expects the desk to become operational during the second quarter and said it will complement its established business in dry freight…
Isda AGM Singapore: Asia to stay high on Isda’s agenda
Asia will continue to stay high on the agenda of the International Swaps and Derivatives Association, both in terms of the development of local financial markets and as a location for future meetings, officials said at the trade association's annual…
Isda AGM Singapore: Zerzan to head public policy at Isda
Gregory Zerzan, a former US Treasury employee, has joined the International Swaps and Derivatives Association as counsel and head of global public policy.
Isda AGM Singapore: Credit derivatives post-trade processing improves
Credit derivatives backlogs at large firms have decreased from 23.5 days to 16.2 days over the past year, according to the latest post-trade processing survey by the International Swaps and Derivatives Association.
Deutsche Börse explores tie-up with Euronext
Deutsche Börse is preparing plans to merge with Euronext, which played down a potential takeover bid for the London Stock Exchange (LSE).
Isda AGM Singapore: Credit derivatives up 39% in H2 2005, says Isda
The notional principal outstanding volume of credit default swaps (CDSs) grew 39% to $17.3 trillion in the second half of 2005, compared with 48% to $12.4 trillion in the first half, according to the International Swaps and Derivatives Association’s year…
Isda AGM Singapore: Membership rises to 700
Over 60 new companies have joined as members of the International Swaps and Derivatives Association over the past year, bringing its membership to 700 firms globally, the association announced at its annual general meeting in Singapore today.
Isda AGM Singapore: Isda publishes fund derivatives definitions
The International Swaps and Derivatives Association has published its 2006 fund derivatives definitions at its annual general meeting (AGM) in Singapore.
Isda AGM Singapore: Collateral increases by 19% in OTC trades
The amount of collateral used in the over-the-counter derivatives market has grown annually by 19% to $1.44 trillion, according to the latest data published by the International Swaps and Derivatives Association in its 2006 margin survey.
Standard confirmation for preferred CDS hammered out
Eight dealers have agreed upon standard documentation for preferred credit default swap (CDS) transactions. The new standards will likely enhance liquidity of the nascent market.
Euronext plans €1 billion cash handout for shareholders
The multi-national European exchange Euronext will return €1 billion to its shareholders in payouts and a share buyback scheme, it announced today.
'Unacceptable' for final Basel II rule to reproduce QIS 4 results, says Dugan
While expressing broad support for "the Basel II approach", the US comptroller of the currency, John Dugan, said that this was not "the same thing" as saying that a perfect proposal to implement that approach had been crafted.
LSE rebuffs Nasdaq bid
The London Stock Exchange has dismissed a takeover bid from the New York-based Nasdaq, saying it "substantially undervalues" the exchange.
European securitisation reaches highest levels
Demand from investors seeking higher investment-grade yields drove the issuance of European securitisation to its highest level last year, according to the latest quarterly report from the European Securitisation Forum (ESF). Issuance reached €319.6…
S&P places three Hong Kong CDOs on negative credit watch
Standard & Poor’s has placed the ratings on three Hong Kong synthetic collateralised debt obligations (CDOs) on credit watch with negative implications. The agency affirmed the ratings on two other Hong Kong CDOs.
GlobalCoal launches ARA FOB Barge Index, swap product
GlobalCoal has introduced the ARA FOB Barge Index based on their ARA barge contract.