Decoding Derivatives – Q1 2021 | Kramer Levin Naftalis & Frankel LLP – JDSupra – JD Supra
Europcar Drives CDS Down a Familiar Path When Europcar defaulted on its debt, buyers of approximately $100 million of credit default swap (CDS) protection expected significant payouts due to the anticipated low recovery on Europcar bonds and loans. However, a short squeeze in the CDS auction resulted in a CDS final price of 100, representing […]
Global Derivatives Cling to Libor Even as Its Finale Nears – Bloomberg
Anyone hoping Libor’s death notice would accelerate the shift of hundreds of trillions of dollars worth of derivatives toward replacement benchmarks will be sorely disappointed. In the U.S, just 4.7% of contracts traded in March were pegged to the Secured Overnight Financing Rate, or SOFR, the benchmark slated to replace the London interbank offered rate, […]
Transition to SORA: New Timelines to Cease Issuance of SOR Derivatives and SIBOR-linked Financial Products and Others – Lexology
Introduction To reinforce the shift to a Singapore Overnight Rate Average (“SORA“)-centered SGD interest rate landscape and provide additional guidance on cessation timelines, the Steering Committee for SOR & SIBOR Transition to SORA (“SC-STS“) published a report on 31 March 2021 (“Report“) announcing the following new timelines for financial institutions (“FIs“): FIs to cease usage […]
OTC derivatives and ESG finance – what role can they play? – Lexology
According to Bloomberg, in 2020, the global market for sustainable debt grew to $732bn, an increase of 29 per cent on 2019. A significant part of the market was the issuance of ESG (environmental, social and governance) linked bonds and loans. These are financing products where the economics of the transaction are in some way […]
Inflation, Stock Options and Crypto Derivatives in a Vol-Suppressed World – AlphaWeek
Imran Lakha of Options Insight joins Real Vision’s Jack Farley to make sense of a market that is becoming calmer day-by-day as measured by implied as well as historical volatility. They discuss the halting of the Johnson & Johnson vaccine distribution as well the release of the latest data on the Consumer Price Index, which, […]
