Fixed income seems to be ever more "not-so-flat."
BNP Paribas SA, Citigroup Inc., Credit Suisse Group AG and JPMorgan Chase & Co. will work together to create a centralized platform that allows investors to change some futures of bonds in almost anything they like.
The service, launched early next year, will offer repackaged notes, known as repacks, which will be issued through a special purpose vehicle.
Low interest rates and narrow credit spreads fueled demand for debt proposals conformed as investors look for more innovative ways to profit
Lenders will initially introduce the platform in Europe, the origin of most requests for service, and Asia, where the market Repack is significant, said Paul Smith of Citigroup.
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.