UniCredit’s credit derivatives notional jumps 125%
Increases in protection bought and sold far outpaced European peers
Notional amounts of credit derivatives at UniCredit surged 125% during the latter half of last year, far outpacing changes reported by other European Union dealers.
The Italian bank reported €20.1 billion ($23.2 billion) of bought credit protection as of end-December, up 94.2% from end-June. Notional of sold protection increased twice as fast, ballooning 172% to €18.4 billion.
The expansion was
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