Risk magazine
CBOT lowers fees for European traders
The Chicago Board of Trade (CBOT), in an early effort to head off competition from Eurex, is to offer cheaper electronic access for European traders, the exchange announced.
BarCap adds sterling swaps to online interest rate swaps platform
Barclays Capital (BarCap) has added sterling swaps to its online interest rate swaps platform, Barx.
BOCI launches CLNs for retail investors in Hong Kong
Bank of China International (BOCI) has launched its first credit-linked investment product for Hong Kong’s retail investors.
US sets trend for high bonuses
Global commercial banks are expected to award bumper bonuses in the next three months, following a pattern set by the US investment banks in December, reports Risknews ' sister publication FX Week .
Fimat launches volatility fund index
Fimat Group, the brokerage arm of SG, has launched the Fimat Volatility Arbitrage Median (FVAM) to represent the performance of various funds following volatility arbitrage strategies, reports Risknews ' sister publication FX Week .
Taiwan launches government bond futures market
Taiwan has launched its government bond futures (GBF) market with the listing of 10-year government bond futures on the Taiwan Futures Exchange (Taifex) and the opening of the Bond Lending Centre of GreTai Securities Market, a non-profit organisation.
Open for business
Introduction
Bringing credit portfolio modelling to maturity
Michael Barco shows how to perform mark-to-market credit portfolio modelling by extending the well-known saddle-point technique, introducing spread and recovery rate volatility. He then tests his results on a fictitious portfolio, showing how asset…
Calculating transfer risk using Monte Carlo
Marco van der Burgt constructs a model of emerging market transfer risk based on a country’s foreign exchange reserves that is combined with facility-dependent risk factors that determine counterparty exposure in the event of a moratorium. He then…
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Credit investment
Sensible and efficient capital allocation for credit portfolios
Cutting edge: Capital allocation
Atlantic arbitrage
New issues
Pricing collateralised lending risk
Borrower risk and collateral risk can easily be modelled together, with surprising results, argues Benedict Roth
LME to launch plastics futures
New angles
Arbiter of arbitrage
Profile
A dramatic dislocation
Comment
Op risk systems come to the fore
Feature
Mutual self-awareness and fat tails
Risk analysis