GFI obtains $50 million credit line to support derivatives business

GFI intends to set aside the new credit package for its clearing and regulatory capital requirements resulting from the growth of its credit derivatives, commodity and energy markets businesses.

The credit line was co-ordinated by Barclays Capital, the investment banking arm of Barclays Bank, and was provided by a syndicate including Barclays Bank, Bank of America and Brown Brothers Harriman.

“Our goal is to provide a range of services that really help foster liquidity in the less commoditised, high-growth areas,” said Chris Giancarlo, executive vice-president for corporate development at GFI.

Giancarlo added that the company intends to use the private equity capital to expand its trading platforms, data services and online execution capabilities in the above areas, focusing primarily on credit derivatives services.

“Credit derivatives are an area in which we have a strong role and are bullish on future prospects,” he said.

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: