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Sunday, 23 July 2017

Credit Derivatives

Banco Popular

Value of Banco Popular legal claims set to determine CDS payout

IFR 2192 15 July to 21 July 2017

ISDA’s credit determinations committee is considering whether to include claims arising from Banco Popular’s written-down subordinated notes in the package of assets that can be delivered into an auction to determine credit default swap payouts.

Eurex plans Q4 launch for electronic RFQ service

07 July 2017

Eurex plans to launch a new electronic price discovery service during the fourth quarter for derivatives trading, enabling clients that arrange large blocks off-exchange to comply with best execution and transparency requirements under MiFID II.

Banco Popular

Banco Popular tests revised CDS terms

IFR 2188 17 June to 23 June 2017

Credit default swaps referencing Banco Popular subordinated debt are set to trigger following the bank’s resolution, helping to restore confidence in an updated set of CDS definitions that were intended to improve protection in the event of government-led restructurings.

TeraExchange logo

CDS lawsuit alleges dealer collusion

IFR 2187 10 June to 16 June 2017

A derivatives trading venue has filed an antitrust lawsuit against 12 major banks, alleging they colluded to block the platform from entering the US$10trn credit default swap market.