MB Risk Management haveintroducedthe new ability to price and risk manage Options on Convertibles, to their Universal Convertibles Add-in. This gives the ability to buy and sell Options on Convertibles where the strike is quoted as fixed credit spread (analogous to how options can be used to hedge equity portfolios). The option on convertibles therefore gives the holder a hedge against the credit spread of the issuer changing (which may be essential if the holder has a portfolio of bonds from that same issuer which would be negatively affected by any increase in credit spread).
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.