News
ISDA adds coal annex to its Master Agreement
The International Swaps and Derivatives Association (ISDA) today announced publication of the ISDA Global Physical Coal Annex to the ISDA Master Agreement.
Credit Suisse issues first long/short CCO notes as Fitch launches CCO rating criteria
Credit Suisse has completed a $190 million issuance of the world’s first long-short collateralised commodity obligation (CCO) notes. The issue followed the April 17 publication of Derivative Fitch’s rating criteria for CCOs.
Mason joins Carlyle's Asian leveraged finance group
Eric Mason has joined the Carlyle Group as a managing director in the leveraged finance group.
Derivative Fitch criticises first-generation CPDOs
First-generation constant proportion debt obligations (CPDO) do not deserve AA or AAA ratings, according to a report released yesterday by specialist rating agency Derivative Fitch.
Dresdner hires in Japan
Dresdner Kleinwort has appointed Joseph Kraft as head of capital markets for Japan, succeeding Jean-François Minier, chief executive of Asia-Pacific, who has been acting head since July 2006.
No serious risk to synthetic CDOs from mortgage crisis
US synthetic CDOs will suffer only slight damage from the continuing crisis in US subprime mortgages, according to a report from rating agency Fitch Ratings.
Nymex to launch first uranium futures contract
The New York Mercantile Exchange (Nymex) will begin trading the first uranium futures contract on May 7.
Citi acquires Old Lane and new head of alternative investments
Citi has bought US hedge fund Old Lane Partners and appointed one of its founders, Vikram Pandit, as chief executive of Citigroup Alternative Investments (CAI). Pandit’s co-founder John Havens will also join CAI as president.
ISE foreign exchange options go live
Four foreign exchange options contracts began trading on the New York-based International Securities Exchange (ISE) this morning.
Domestic banks continue to dominate Spanish market
The Spanish derivatives market remains dominated by local banks, with Banco Bilbao Vizcaya Argentaria (BBVA) topping Risk España's annual rankings for the third year running.
CFTC chairman to leave for State Department
Reuben Jeffery, the chairman of the US Commodity Futures Trading Commission (CFTC), is expected to leave the futures regulator, after being nominated by US President George Bush as undersecretary of state for economic, energy and agricultural affairs…
Survey reveals major energy buyers’ views and strategies
A pan-European price forecasting survey of 100 major energy users has revealed that only two fifths of respondents had a risk management policy - seen as essential when developing an energy procurement strategy.
Nordea leads the field in Nordic rankings
Swedish banking group Nordea has topped Risk's 2007 rankings for the Nordic region, narrowly beating Denmark's Danske Bank in the interest rate derivatives category.
Icap launches e-trading of securities and extends FX forwards
Interdealer broker Icap today went live with i-Sec, an electronic platform for securities lending launched with four participating banks.
Storm Exchange launches electronic weather exchange
Storm Exchange, a financial technology company that helps corporations to reduce the financial impact of unplanned weather on earnings, has unveiled an electronic weather exchange based on 500 proprietary, industry-specific weather indices.