Exchanges
The long road to LDI
Pension Funds: Liability-Driven Investment
Raiffeisenbanken und Volksbanken Lebensversicherung (R+V)
Practitioner Profile
The Secret CDO
Cover Story
Each case on its merits
Comment
Strength in numbers
Weather derivatives seem to have a bright future: the market is enjoying record liquidity levels as new players, trading ever more diverse products, flood into the market. Oliver Holtaway reports
Spreading the word
Profile
Sold on property derivatives?
Property derivatives
Clearing houses prepare to fight for FFAs
New angles
RiskNews
RiskNews
Playing catch-up
Automated settlement
The mezzanine wrangle
Mezzanine finance
CME trading volume and profits grow
The Chicago Mercantile Exchange (CME) saw record trading volume in the second quarter of this year, up 33% from the same period in 2004, and reported profits well above 2004 levels.
Knocking down barriers
A new reinsurance directive passed by the European parliament in early June will eradicate the collateral requirements demanded by European supervisors. With a unified framework agreed for Europe, politicians are now turning their sights on the US. By…
Joint indexes planned for Asian exchanges
Stock exchanges in Bangkok, Jakarta, Kuala Lumpur, Manila, and Singapore will collaborate to set up joint indexes for derivatives and fund managers.
MiFID: the race to comply
The EU's Markets in Financial Instruments Directive has been described as one of the most far-reaching overhauls of the financial industry ever. But with Basel II dominating the headlines, few firms have yet started to prepare in earnest for the 2007…
Eurex to launch CDS index product
Eurex has licensed International Index Company's European iTraxx indexes in preparation for the launch of an exchange-traded contract based on the European credit default swap (CDS) index before the end of the year.
Belgian power exchange to launch early 2006
The Belgian day-ahead electricity market is due to start in early 2006 on the Belgian power exchange (Belpex) in a link-up with Dutch power exchange APX and French energy exchange Powernext. This is the first time three power exchanges will be linked…
European ABS: Will it end in tiers?
As part of a special focus on asset-backed securities, we take a look at the European ABS market. After a prolonged period of spread compression, credit tiering may be making a return to the market, as Alan McNee reports
Struggling for growth
All three Canadian energy exchanges – NGX, Watt-Ex and NetThruPut – are finding it slow-going with their expansion plans. Meanwhile the rivalry between NGX and Watt-Ex is growing. Joe Marsh reports
Storage strategies
Companies are increasingly realising they can use natural gas storage to add value to their bottom line. TransCanada’s Farzan Nathoo weighs up the strategies available for optimising value through storage
Icap prepares for money broker JV in China
Interdealer broker Icap aims to be the first foreign company to enter the Chinese money broking sector, after Chinese regulators said they would relax rules previously banning the practice.
De-leveraging credit risk
Leverage