Derivatives

Derivatives are financial instruments that derive from an underlying asset such as a commodity, bond or currency. SCI’s derivatives coverage focuses on the structuring and trading of derivatives relating to securitisation and structured credit. The instruments covered are primarily: credit default swaps (CDS) and options; correlation trading through index tranches; total return swaps on credit and loan indices and baskets; bespoke tranches; and other new and unusual synthetic structures.

  • Emerging market CDS trading drops

    Emerging market CDS trading volumes stood at US$275bn in 2Q15, according to a survey by the Emerging...

    News Round-up    6 August 2015
  • Basis 'favours CDX hedging'

    The recent sharp divergence in the performance of cash and synthetic products has taken the cash-CDS...

    News    6 August 2015
  • Swap registration rules adopted

    The US SEC has adopted new rules for supervising the business operations of security-based swap deal...

    News Round-up    6 August 2015
  • Alpha credit event called

    ISDA's Americas Credit Derivatives Determinations Committee has resolved that a bankruptcy credit ev...

    News Round-up    5 August 2015
  • Law firm boosts SF expertise

    Rupert Wall has joined Sidley Austin as a partner in its global finance practice. His focus is on st...

    Job Swaps    4 August 2015
  • SCI Start the Week - 3 August

    A look at the major activity in structured finance over the past seven days

    Pipeline The pace of deals joining the pipeline slowed last week. At the final count there were 11...

    News    3 August 2015
  • CDS trader switches banks

    Basile Delaville has joined Deutsche Bank to trade CDS indexes. He arrives from Bank of America, whe...

    Job Swaps    30 July 2015
  • OTC intermediary review released

    IOSCO has published a review of the implementation progress in regulation of deriv...

    News Round-up    29 July 2015
  • CLO consultant tapped

    Eric Bothwell has joined Ashurst as a senior consultant within its CLO practice. He arrives as md fr...

    Job Swaps    28 July 2015
  • SCI Start the Week - 27 July

    A look at the major activity in structured finance over the past seven days

    Pipeline The pace of pipeline additions was steady last week, although there was more variety in th...

    News    27 July 2015
  • Blockchain adoption polled

    Global financial services firms are exploring ways to adopt the technology behind Bitcoin for use in...

    News Round-up    23 July 2015
  • RWA consistency considered

    The EBA has published two reports covering the consistency of risk weighted assets (RWAs)&a...

    News Round-up    23 July 2015
  • Crossover tranchelet trades touted

    Investors are increasingly looking to trade slices of the 0%-10% equity tranche of the on-the-run iT...

    News    21 July 2015
  • Derivatives targets set out

    ISDA says that although significant progress has been made in implementing derivative market reforms...

    News Round-up    21 July 2015
  • SCI Start the Week - 20 July

    A look at the major activity in structured finance over the past seven days

    PipelinePipeline activity continued to normalise last week. There were eight ABS, five RMBS and five...

    News    20 July 2015
  • EMIR classification letter published

    ISDA has published a new classification letter that will enable counterparties to notify each other...

    News Round-up    15 July 2015
  • SCI Start the Week - 13 July

    A look at the major activity in structured finance over the past seven days

    Pipeline A number of deals joined the pipeline last week. These were largely ABS and CLOs, although...

    News    13 July 2015
  • CDS roll reform proposed

    ISDA has published a recommendation to amend the single-name CDS roll frequency to a new on-the-run...

    News Round-up    9 July 2015
  • Non-cleared derivatives hub unveiled

    ICAP, the DTCC, Euroclear and thirteen global banks have teamed up with AcadiaSoft to solve one of t...

    News Round-up    8 July 2015
  • Puerto Rico pushes MBIA wide

    CDS spreads on MBIA moved 19% wider last week as the risk around Puerto Rico's municipal bonds rose,...

    News Round-up    8 July 2015
  • End-user CDS trading grounded

    Daily end-user trading volume for single-name CDS from July 2010 to end-June 2015 has been...

    News Round-up    7 July 2015