Julia focuses her derivatives practice on total return swaps
, credit default swaps, credit- and equity-linked notes, equity swaps and options, and other derivatives transactions, and the application of the new U.
For several years, the CMA has permitted foreign access to listed shares through the use of total return swaps
Head of EFS Sales, Americas, Johnny Wu, commented "As with all of our investable index products, Barclays will make the Women in Leadership index available via several investable formats, including total return swaps
and structured notes as well as the ETNs.
It provides a front to back office solution for change transactions counting Contracts for Difference (CFDs), Total Return Swaps
(TRS) and Portfolio Swaps over a range of underlying assets including Equities, Futures, Bonds, Index/Sector Indices and Custom Baskets on a single or cross-currency basis.
Foreign investors have been able to buy Saudi shares indirectly by means of total return swaps
via licensed brokers up to now.
Others included are Dr Hamid Hassan and Dr Daud Bakar, while there is a contribution from Sheikh Talal de Lorenzo in a case study on total return swaps
and Shari'ah conversion strategy.
In the UK absolute funds are regulated by the FSA, have limits on gearing and utilise synthetic derivatives which can be used for long and short positions, such as contracts for difference, total return swaps
, currency swaps, options, futures and credit default swaps.
real estate related assets through total return swaps
This paper begins with a description of credit default swaps, total return swaps
, and asset swaps and then focuses on the mechanics and risks of credit default swaps.
They come in multiple forms - credit default swaps, total return swaps
, asset swaps, foreign exchange swaps and contracts for differences - and, even within these broad categories, refinements designed to suit the counterparties multiply the number of variables to the point where custodians are obliged to read and understand the documentation of virtually every transaction their clients undertake.
Total return swaps
can also deliver a synthetic position in another asset class.
Below, I review two of the more important contracting formats encountered by the BBA survey: total return swaps
and credit swaps.