http://www.derivativesweek.comhttp://new.derivativesweek.com©2010 Derivatives Week60Today's NewsCater Allen Private Bank, a subsidiary of Grupo Santander, has launched a structured product offering investors the potential to lock-in returns depending on the level of the FTSE 100.http://www.derivativesweek.com/Article/2662478/Cater-Allen-Touts-Lock-In-Structure.htmlMon, 06 Sep 2010 15:22:10 GMTAlessandra Stagliano, a senior corporate credit saleswoman at Citigroup, is set to join BNP Paribas in a similar role based in London.http://www.derivativesweek.com/Article/2662407/BNP-Adds-In-Credit-Sales.htmlMon, 06 Sep 2010 14:46:55 GMTUBS has hired Ranjit Sikka, a correlation trader at Deutsche Bank in London, as a managing director and global head of credit index tranche trading.http://www.derivativesweek.com/Article/2662392/UBS-Taps-Global-Index-Tranche-Trading-Head.htmlMon, 06 Sep 2010 14:31:22 GMTInternational Swaps and Derivatives Association officials have commissioned a Vietnamese-language version of the Master Agreement to facilitate the growing market. http://www.derivativesweek.com/Article/2662227/ISDA-Orders-Vietnamese-Master-Translation.htmlMon, 06 Sep 2010 10:12:43 GMTThe Indian Ocean island of Mauritius is looking to juice up its domestic corporations’ use of fx swaps and options to hedge exposures. http://www.derivativesweek.com/Article/2662119/Mauritius-Looks-To-Ratchet-Up-Derivatives-Usage.htmlFri, 03 Sep 2010 21:18:10 GMTLast Tuesday, the city of Harrisburg, Pennsylvania announced that it intended to skip an upcoming payment of USD3.29 million on its general obligation debt that would make this the second largest municipal default of the year.http://www.derivativesweek.com/Article/2662060/A-Tale-of-One-City.htmlFri, 03 Sep 2010 18:32:00 GMTThe International Swaps and Derivatives Association has published a change to the master agreement to deal with the impending 30% U.S. withholding tax on equity derivatives. http://www.derivativesweek.com/Article/2661994/ISDA-Tackles-US-Tax.htmlFri, 03 Sep 2010 17:26:45 GMTMarkit is rolling out a new MBX agency mortgage bond index that caters to investors looking for exposure to both interest-only swaps and principle-only cash flows. http://www.derivativesweek.com/Article/2661777/New-Agency-Derivative-Index-On-The-Way.htmlFri, 03 Sep 2010 14:08:09 GMTTradeweb is planning to launch an electronic equity trading platform for European equity options—a first for that market.http://www.derivativesweek.com/Article/2661738/Tradeweb-To-Launch-Equity-E-Trading-Platform.htmlFri, 03 Sep 2010 13:33:04 GMTThe markets remain too fragile to survive without state help. http://www.derivativesweek.com/Article/2661351/Central-Bank-Hand-Still-Steering.htmlThu, 02 Sep 2010 22:23:00 GMTThe balance of market participants buying and selling volatility through options on credit indices became more even this week after a month of more players selling volatility. http://www.derivativesweek.com/Article/2661336/Index-Vol-Buyers-Sellers-Even-Out.htmlThu, 02 Sep 2010 21:34:18 GMTAn Indian Ministry of Finance’s working group on foreign investment is recommending that foreign institutional investors be allowed to buy fx futures. http://www.derivativesweek.com/Article/2661005/Indian-FinMin-Advises-Opening-FX-Futures-To-FIIs.htmlThu, 02 Sep 2010 14:22:43 GMTEuropean regulatory authorities will be given powers to summon firms or financial services individuals to provide explanations and supporting documents setting out the purpose and the underlying risks to their credit default swap trading activities, according to a European Commission draft bill for naked short selling obtained by Derivatives Week.http://www.derivativesweek.com/Article/2660410/EU-Regulators-Set-For-Upped-Naked-CDS-Powers.htmlWed, 01 Sep 2010 19:56:52 GMTForward rate agreements grew by 132% to USD601 billion over the past three years, driving the growth in OTC interest rate derivatives during the period. http://www.derivativesweek.com/Article/2660388/Forward-Rate-Agreements-More-Than-Double-BIS-Survey-Says.htmlWed, 01 Sep 2010 18:58:20 GMTDaniel Palmer, the ex-head of global capital markets at HSBC in London and formerly co-head of global capital markets for Asia Pacific at Morgan Stanley, has rejoined the latter firm today in a new role based in London. http://www.derivativesweek.com/Article/2660185/Ex-HSBC-Chief-Palmer-Rejoins-Morgan-Stanley.htmlWed, 01 Sep 2010 14:06:03 GMTCrédit Agricole CIB has named Frédéric Lainé as head of the firm’s financial institutions group for international client coverage in Asia ex-Japan. http://www.derivativesweek.com/Article/2660001/Crdit-Agricole-Shuffles-Asia-Ex-Japan-Chiefs.htmlWed, 01 Sep 2010 10:39:00 GMTInstitutional investor appetite in light exotics such as worst-of and best-of baskets has picked up in recent weeks, according to P.J. Andersson, global head of pan-Asian equity derivative and convertible sales at Citigroup in Hong Kong. http://www.derivativesweek.com/Article/2659913/Asian-Institutions-Buy-Basket-Products.htmlWed, 01 Sep 2010 09:33:23 GMTUBS will close on its first two non-professional structured product deals in Taiwan in the next few weeks.http://www.derivativesweek.com/Article/2659906/UBS-Gains-Ground-In-Taiwan-Retail-Notes.htmlWed, 01 Sep 2010 09:14:11 GMTING Bank has launched five-year, worst-of memory coupon notes that offer a potential 46% return depending on the performance of three underlying indices. http://www.derivativesweek.com/Article/2659649/ING-Launches-Worst-Of-Memory-Notes.htmlTue, 31 Aug 2010 19:45:56 GMTDerivative users and industry groups in Europe have voiced their opposition for the so-called systemic internalizer regime to be adapted and applied to the trading of over-the-counter derivatives. http://www.derivativesweek.com/Article/2659483/Industry-Opposes-Systemic-Internalizers-For-Derivatives.htmlTue, 31 Aug 2010 16:53:00 GMTMike Wilson, a managing director in institutional structured product sales for the U.K. and Ireland at Société Générale in London, has joined JP Morgan in a similar role. http://www.derivativesweek.com/Article/2659468/SocGen-Structured-Product-Bigwig-Joins-JPM.htmlTue, 31 Aug 2010 16:24:09 GMTAmias Berman & Co., a fixed income advisory, origination and brokerage firm, has hired Michael Ridley, a former director in credit research at Citigroup in London, as a senior credit salesman. http://www.derivativesweek.com/Article/2659459/Broker-Hires-Former-Citi-Credit-Analyst.htmlTue, 31 Aug 2010 16:17:07 GMTA Commodity Futures Trading Commission plan to have derivatives clearing organizations and designated contract markets come back online the same day as a major disaster may be too rigid, according to R. Trabue Bland, v.p. of regulatory affairs and assistant general counsel for the IntercontinentalExchange. http://www.derivativesweek.com/Article/2658941/ICE-Urges-Biz-Continuity-Plan-Rethink.htmlMon, 30 Aug 2010 21:47:00 GMTHolger Oesterle, a flow credit salesman at UBS in Frankfurt, has left the firm and is headed to BNP Paribas in the same city, reportedly to run flow credit sales in Germany. http://www.derivativesweek.com/Article/2658886/UBS-Credit-Salesman-Flips-To-BNP.htmlMon, 30 Aug 2010 18:02:48 GMTCorporate end-users are hedging against a rise in the U.S. dollar/Chinese yuan using bonus forwards in an otherwise quiet Asian fx market. http://www.derivativesweek.com/Article/2658810/Corporates-Buy-USDCNY-Bonus-Forwards.htmlMon, 30 Aug 2010 14:29:25 GMTBank of America Merrill Lynch has begun marketing six-year so-called variable coupon notes. http://www.derivativesweek.com/Article/2658557/BofA-Pitches-Variable-Coupon-Equity-Basket.htmlFri, 27 Aug 2010 20:10:02 GMTBefore Andrew Donohue leaves as the country’s top mutual fund regulator in November, the Securities and Exchange Commission will put out for public comment how it wants to better align the regulation of derivatives with the complex ways the mutual fund industry is using them today. http://www.derivativesweek.com/Article/2658528/SEC-Mutual-Fund-Derivatives-Plan-To-Debut-Shortly.htmlFri, 27 Aug 2010 18:46:56 GMTNomura has hired Chris Cutt to trade USD interest rate swaps in London. http://www.derivativesweek.com/Article/2658522/Swaps-Trader-Joins-Nomura.htmlFri, 27 Aug 2010 18:42:54 GMTPeripheral eurozone sovereigns came under renewed pressure last week amid concerns a faltering U.S. economy will have a damaging impact on growth further afield. http://www.derivativesweek.com/Article/2658421/No-Respite-For-Euro-Peripherals.htmlFri, 27 Aug 2010 16:18:00 GMTThe streamlining of the novation process by the International Swaps and Derivatives Association will shorten trade processing time and reduce the risk of unconfirmed trades. http://www.derivativesweek.com/Article/2658343/Novation-Streamlining-To-Shorten-Trade-Processing-Time.htmlFri, 27 Aug 2010 15:29:47 GMTThe planned retirement of Financial Accounting Standards Board Chairman Robert Herz has thrown proposed changes to derivatives accounting into question, as the exposure draft only passed the board by a 3-2 vote, with Herz in favor. http://www.derivativesweek.com/Article/2657869/FASB-Chief-Exit-Queries-Derivative-Proposal.htmlThu, 26 Aug 2010 21:35:00 GMTThe lowest barrier in a rash of digital one-touch euro/U.S. dollar trades was hit Tuesday—making the strategy a big payer for the hedge funds that executed them. Talk of the trades held center stage amid the traditional thin late August fx marts last week.http://www.derivativesweek.com/Article/2657728/EURUSD-Digitals-Pay-Out.htmlThu, 26 Aug 2010 17:56:00 GMTWen Yin, a structurer a Barclays Capital, has left and is tipped for a slot at Goldman Sachs in Singapore.http://www.derivativesweek.com/Article/2657508/Structurer-Tipped-For-Goldman-Retail-Business.htmlThu, 26 Aug 2010 14:30:13 GMTUBS is looking to pitch structured equity derivatives in Asia ex-Japan, a new push for the firm. http://www.derivativesweek.com/Article/2657184/UBS-Readies-Asia-Equity-Push.htmlThu, 26 Aug 2010 05:27:55 GMTNew York Portfolio Clearing has appointed Laura Klimpel as chief compliance officer and counsel. http://www.derivativesweek.com/Article/2656968/NY-Clearer-Adds-In-Legal-Ahead-Of-Launch.htmlWed, 25 Aug 2010 17:30:57 GMTClariden Leu is finding floating-rate low barrier reverse convertibles to be this summer’s bestseller for its Swiss clients. http://www.derivativesweek.com/Article/2656764/Clariden-Sees-Low-Barrier-Reverse-Converts-Demand.htmlWed, 25 Aug 2010 14:20:00 GMTStructured products sales in Taiwan, through private banking channels, are picking up well from a practical standstill in the second half of 2009, market observers are saying. http://www.derivativesweek.com/Article/2656585/Taiwan-Private-Bank-Sales-Pick-Up.htmlWed, 25 Aug 2010 09:32:29 GMTMorgan Stanley has issued USD100 million in a 20-year range-accrual step-up note referencing the S&P500. http://www.derivativesweek.com/Article/2656384/Morgan-Stanley-Pitches-Large-Range-Accrual.htmlTue, 24 Aug 2010 21:54:31 GMTCitigroup has named Todd Elmer head of G10 fx strategy for the Asia Pacific region. http://www.derivativesweek.com/Article/2656268/Citi-NY-FX-Strategist-To-Head-East.htmlTue, 24 Aug 2010 17:39:44 GMTUBS is bulking up its European credit trading operations with the hires of Vassilis Paschopoulos and Robert Purvis to trade European corporate credit default swaps in London. http://www.derivativesweek.com/Article/2656207/UBS-Adds-Credit-Traders.htmlTue, 24 Aug 2010 17:09:20 GMT