Ford Motor Company
Fed group: SOFR term rate unlikely in 2021
ARRC chair says use case of a forward-looking benchmark would be limited
Ford reaps derivatives gains following interest rates dip
Swap assets of automaker’s financial services unit hit $1.2 billion
Ford reports $204 million derivatives charge
Foreign exchange and commodity contracts fall in value
Corporate risk manager of the year: Ford Motor Company
Natural hedges and holistic analysis help auto giant cut hedging costs
Product review: JP Morgan's first quarter call
First quarter call
CDSs on Irish banks widen further
The cost of credit protection on Irish banks rose steeply this morning as the European Commission warned Ireland's budgetary deficit could widen to 9.5% of GDP by the end of 2009.
Correlation funds pitched following hedging woes
Credit managers are expanding strategies playing on changes in correlation and relative value, which were calamitous for the hedging strategies of some dealers and investors during July and August.
GFI: financials, banks and telecoms are most active CDSs
Credit default swaps (CDS) referenced to financial services firms, banks and telecom companies were among the most active in April trading, according to a monthly list produced by GFI, a New York-based interdealer broker.
GFI: Motoring, telecom and financials are most active CDS
The motor industry, fixed-line communications and financial services were all heavily traded in the credit default swaps (CDS) market in November, according to New York-based interdealer broker GFI.
Autos and telecoms dominate CDS trading again
Automobiles in the US and telecom companies in Europe were again the busiest sectors of the credit default swap market in October, according to a report from the US interdealer broker GFI.
GFI releases most-traded CDS list
Interdealer broker GFI has released its monthly report on the most actively traded US, European and Asian names in the credit default swap (CDS) market in September.
Fitch to introduce synthetic CDO market risk valuation service
Fitch Ratings is aiming to introduce a new service for evaluating market risk in synthetic collateralised debt obligations (CDOs) in the next three months, which it will announce tomorrow. The rating agency will offer a mark-to-model market risk service…
Hedge fund panel advocates CRO function
The revelation of sizeable hedge fund losses in the structured credit market in May have prompted renewed calls from investors and regulators in the US and Europe for greater disclosure in the hedge fund sector.
Autos still most active CDS in US and Europe
The effect of Standard and Poor's downgrading the credit ratings of debt owned by Ford and General Motors two months ago is still washing through the credit default swap (CDS) market.
GM and Ford downgradings catch dealers off guard
A wave of frenzied trading on Thursday afternoon was triggered by Standard and Poor’s downgrading of General Motors and Ford Motor, and their financing units, to junk status, driving credit spreads to record highs.
SuperDerivatives upgrades forex platform
Options pricing systems vendor SuperDerivatives has launched an upgrade of its SD-FX system, according to RiskNews’ sister publication, Dealing With Technology .
Bank of Israel signs up for SuperDerivatives
The Bank of Israel, Israel’s central bank, has adopted UK-based technology vendor SuperDerivatives' foreign exchange option pricing and analytics system.
Caterpillar chooses SuperDerivatives for forex hedging
Caterpillar, the US-based manufacturer of construction machinery, has bought the SuperDerivatives system for pricing foreign exchange options.
Offers of protection remain thin in subdued credit markets
Credit default swap spreads have tightened again in Europe in the second half of this week, but markets have remained thin and subdued, say London-based credit derivatives traders.
Confidence of a speedy war in Iraq sparks rise in protection selling
Growing confidence that the US could achieve a swift victory in the pending war in Iraq promoted an increase in sellers active in the credit default swap (CDS) market. Traders said spreads were now contracting in line with the equity market rally.
Poor auto sales and Fiat downgrade drives some spreads wider
The downgrade of debt issued by troubled Italian auto manufacturer Fiat to junk status sent the cost of its credit protection wider by about 125 basis points to 875/975bp. And poor US February auto sales released mid-week also prompted the widening on…
Terror threats push up European credit default spreads
Credit default swap spreads for European corporates started to widen during the later part of this week. Fears of a terrorist attack in London or elsewhere, coupled with generally weak equity markets, started to reduce confidence in the market, traders…