Search results for

SBS-Agro: $250 million, three-year maturity

Total-return swaps, options on credit spreads, default swaps - they all tend to be more talked about, than transacted. Except, that is, in Latin America, where banks and portfolio investors are starting to realize the big advantages of using credit derivatives. Andy Webb reports.

The volatility of equity derivatives markets in some emerging Asian economies, fed by regulatory anomalies and liquidity shortages, offers the potential for big gains for those with strong nerves. Hong Kong's new status will open up opportunities as well. By Andy Webb.

There have been so many bank acquisitions in the US in the past few weeks it is tempting to think that the financial mergers & acquisition boom must now be over. Simply, it seems there are few suitable banks or investment banks left to buy. In truth, the acquisition wave has only just begun.

Why does Chase Manhattan Bank's television commercial feature Manchester United slotting goals into the net to a Cantonese commentary? The footage appears courtesy of the biggest football match in Hong Kong this year, which Chase sponsored and made possible - the clash between English champions Manchester United, and the top Hong Kong side South China. Chase is believed to have spent HK$10 million ($1.3 million) to persuade Manchester's "red devils" to come to post-handover Hong Kong.

In Euromoney's annual ranking of non-US fund managers, in cooperation with Intersec Research Corporation, the dominant position of the Japanese and Swiss giants is threatened only by further exchange rate movements, and perhaps AXA of France. The global consolidation continues. By Jim Sirius.

It's been a year of upheaval for banks in emerging markets. Thailand, Korea and Mexico have been particularly badly affected. The biggest losers in our ranking were public-sector banks. By Robin Monro-Davies, managing director of IBCA.

Issuer: City of Stockholm

Emu will accelerate the concentration of the forex market towards a few big banks. But will that harm liquidity? By Guy Whittaker.

The biggest question-mark over the introduction of the euro is how to fix its rate against existing currencies. Paul De Grauwe suggests some solutions.

Asian brokers: The old hands fight back

Whether we like it or not, whether it arrives on time or not at all, the euro is already a factor in financial markets. Laws have been made about it, and adapted to it. Government, companies and banks are spending millions, to be prepared for the Big Bang on January 4 1999. That preparation requires rigorous practicality and fantasy, because none of this has been seen before, let alone road-tested. Euromoney here makes a leap of foresight and fantasy. We asked writers and experts from all areas of the market to explore the issues as they see them - the dangers, the unresolved snags, the legal wrangles and the risks that all institutions are being forced to take. The intention is to offer an unbiased collection of the very latest ideas, remembering that the euro is a moving target.