Interest rate swaps

The Thais that bind

The Bank of Thailand relaxed its regulations covering the use of derivatives towards the end of 2009. While retail investors are already allowed to buy structured notes and deposits linked to some foreign variables, the relaxation of rules has provided…

A complex framework

Many Japanese financial institutions now conduct their derivatives business through their securities firms, but there are a number of legal risks in using a securities dealer as a derivatives trading entity, writes Tan Ser Kiat of Denton Wilde Sapte…

Linear, yet attractive, Contour

Banks’ Potential Future Exposure models are at the core of the advanced EAD (Exposure At Default) approach to capital requirements for credit risk considered in the New Basel Capital Accord. Juan Cárdenas, Emmanuel Fruchard and Jean-François Picron look…

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