Dynamic term structure models DTSMs price interest rate derivatives based on the model implied fair values of the yield curve, ignoring any pricing residuals on the yield curve that are either from model approximations or market imperfections. This paper proposes a new framework that consistently prices both interest rates and...
SAN FRANCISCO -- The Federal Home Loan Bank of San Francisco today announced that its third quarter 2008 net income fell $34 million, or 25%, to $101 million from $135 million in the third quarter of 2007. For the first nine months of 2008, the Bank's net income rose $143...
KILGORE, Texas, Nov. 6 /PRNewswire-FirstCall/ -- Martin Midstream Partners L.P. announced today its financial results for the third quarter ended September 30, 2008. MMLP reported net income for the third quarter of 2008 of $13.7 million, or $0.88 per limited partner unit. This compared to...
CHICAGO, Oct. 31 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, will close only the Foreign Exchange and Interest Rate open outcry trading floors on Tuesday, November 11 in observance of Veterans Day. On Monday, November 10 the Foreign Exchange and Interest Rate trading floors...
NEW YORK -- Thacher Proffitt & Wood LLP announced today the publication of "S&P Revises Counterparty Downgrade Threshold for AAA-rated Securities," authored by Jeffrey H. Koppele. Standard & Poors Ratings Services announced on October 22, 2008, that it will no longer assign AAA ratings to securitizations backed by...
Client Completes Latest Implementation Phase on OpenLink's Findur Platform NEW YORK -- OpenLink Financial, Inc. ("OpenLink") (http://www.olf.com), a leading provider of cross-asset trading, risk management and operations processing software solutions, announced today that the Ontario Teachers' Pension Plan Board ("Teachers'") (http://www.otpp.com/web/website.nsf/web/home), one of Canada's largest and most sophisticated...
Simultaneously, Singapore dollar and Hong Kong dollar interest rate swap pages IRS confirmed News follows previous acceptance of euro and US dollar IRS pages LONDON & NEW YORK -- BGC Partners, Inc. (Nasdaq: BGCP), one of the world's leading inter-dealer brokers, announced today the publication of...
Trading Software That Can Recognize and Allocate Market Risk is Crucial to Avoiding a Debacle Similar to That in Subprime Mortgage Derivatives, Says TradeCapture's Rana Basu HOUSTON -- In the current financial market upheaval, major investment banks that were among the most sophisticated users of risk management methodologies...
NORDIC BUSINESS REPORT-16 October 2008-Castellum AB posts Q3 pre-tax loss of SEK313m after writing down propertiesC1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com Swedish real estate company Castellum AB (OMX Stockholm:CAST) issued its third quarter report on Thursday (16 October), posting a pre-tax loss of SEK313m, as compared to a profit...
Grupo TMM, S.A.B. (NYSE: TMM) (BMV: TMM A)("TMM"), a Mexican intermodal transportation and logistics company,announced today it does not have a position in any speculative derivativeinstruments, that only 18 percent of its debt is denominated in U.S.Dollars, and that its only outstanding hedge, which is on its Mexican TrustCertificates Program,...
SAO JOSE DOS CAMPOS, Brazil, Oct. 10 /PRNewswire-FirstCall/ -- Embraer reinforces that its hedging policy does not have any speculative component and that the derivative instruments in place are exclusively held to protect its operations against a potential loss arising from adverse changes in interest and foreign currency exchange...
MEXICO CITY, Oct. 10 /PRNewswire/ -- Corporacion GEO S.A.B de C.V. (BMV: GEOB; CORPGEO MX, ADR Level I CUSIP: 21986V204; Latibex: XGEO) GEO, one of Mexico's leading low-income housing developers, would like to take this opportunity to update the market about its current foreign exchange exposure/financial profile,...
CHICAGO, Oct. 8 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, will close only the Foreign Exchange and Interest Rate open outcry trading floors on Monday, October 13, in observance of Columbus Day. On Friday, October 10, the Foreign Exchange and Interest Rate trading floors...
CHICAGO -- Fitch has upgraded the rating of CE Generation LLC's CE Gen $400 million secured bonds due 2018 to 'BBB-' from 'BB+'. The Rating Outlook is Stable. The rating action results from the revision in Fitch's long term view of natural gas prices which enhances CE Gen's cashflow in...
CHICAGO, Oct. 6 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced the launch of the latest version of CME E-quotesTM, a premiere real-time streaming market data application offering quotes, charting, advanced analytics and news on CME Group traded products. E-quotes will...
CHICAGO, Oct. 6 /PRNewswire/ -- Trading Technologies International, Inc. TT today announced that TT has linked its X_TRADERR derivatives trading platform to Latin America's largest futures exchange, BM&FBOVESPA, via the CME Group's Globex platform. The new link to BM&FBOVESPA allows X_TRADER users to trade the main derivatives...
Tokyo, Oct 3, 2008 - JCN Newswire - Shinsei Bank, Limited, today announced the launch of "Powered Teiki NEO," its new structured dual-currency time deposit that offers customers the chance to benefit from exchange rate movements by earning a bonus interest payment that links to early maturity. Customers can apply...
CME Group, a derivatives exchange, recently submitted changes to its regulator for the benchmark wheat futures contract. The changes, which call for seasonally increased storage fees and additional delivery points, have been recommended to improve convergence between futures and cash prices at contract expiration. The Commodity Futures Trading Commission...
Market Announcement SAO JOSE DOS CAMPOS, Brazil, Sept. 26 /PRNewswire-FirstCall/ -- Embraer reinforces that its hedge policy does not have any speculative component and that the derivative instruments in place are exclusively held to protect its operations against a potential loss arising from adverse changes...
The nationalisation of America's biggest insurance company, AIG, added to the considerable strain on global debt markets yesterday and left the United States government struggling to reassure traders that its $85bn (47bn) loan would be enough to restore health to the company and to the credit derivatives market in which...
Articles 2008-09-18
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