Articles by Matt Cameron
Conflict's end
The second phase of the International Swaps and Derivatives Association's collateral dispute resolution protocol prescribes a market polling mechanism for settling disputes involving illiquid and complex transactions. How will the market poll work and…
Rethinking and revaluing
Many US insurance companies have reported massive losses on the hedging of variable annuity products. European variable annuity providers, however, have faced problems of their own. Matt Cameron reports
Interdealer rankings 2009: Dealers
In one of the most tumultuous years on record for the derivatives industry, Deutsche Bank has reclaimed top spot overall from JP Morgan in the 2009 interdealer rankings. In the other major change, Barclays Capital broke into the top three, knocking…
Flying low
Extreme volatility in oil markets has caused hundreds of millions of dollars in losses on airline fuel hedges. At the same time, burgeoning margin calls have forced some to get creative with collateral agreements. How is the airline industry adapting? By…
Yen for yield
Inflation
Conflict's end
The second phase of the International Swaps and Derivatives Association's collateral dispute resolution protocol prescribes a market polling mechanism for settling disputes involving illiquid and complex transactions. How will the market poll work and…
Gap trade interest could salvage dealer risk recycling channel
Renewed interest in gap risk trades might resurrect the defunct trading channel previously used by structured products issuers as a means to recycle unwanted gap risk, say dealers.
Negative repos distort dividend hedging strategies
Abnormally low repurchase rates are forcing banks to hedge their dividend exposures with swaps instead of forwards.
Yen for yield
The Japanese government inflation-linked bond market has received a severe battering over the past year. The resulting dislocation has prompted the Ministry of Finance to consider restructuring the market, but what options are on the table? Matt Cameron…
Avoiding dividend meltdown
Dealers are starting to pay closer attention to dividend risk housed on their exotic books after many incurred sizeable losses last year. What are banks doing differently and can another dividend meltdown be avoided? Matt Cameron reports
'X' marks the spot
In a little over two years, DB x-trackers has captured an impressive 17% share of Europe's ETF market. With an existing portfolio of more than 100 products, the provider now plans to expand its offering in Asia while developing new product types such as…
Habsburgo at the helm
Family office Habsburgo and Asociados in Mexico builds large, tailor-made portfolios comprised of structured products for its clients. The approach has paid off over the past year as the products have performed better than traditional assets, but while…
Exploiting Japan's renegade repos
Japanese equities
Trimming the tenor
The Hong Kong market is undergoing a massive shift in the type of products that are distributed as investors opt for simple, short-dated, capital-protected investments because of uncertainty about long-term trends. Hang Seng Bank is even offering…
Hedging the hard way
Quanto options have stung dealers' equity derivatives books after the unexpected spikes in volatility and correlation that followed the Lehman Brothers collapse, while structured product issuers have been hit by plummeting dividend expectations and…
