BNP Paribas has been named the “Rising Star Derivatives House” in The Asset magazine’s 2006 Triple-A Derivatives and Structured Products Awards, for its creativity in developing the bank’s derivatives franchise in the region.
In credit derivatives, BNP Paribas has built a strong integrated credit platform that combines flow trading, exotic trading and structuring across the region. The bank has successfully structured the largest collateralised bond obligation (CBO) deal in Taiwan by leveraging the strength of its local origination and structuring platform. BNP Paribas has also developed many structures that allow its investors to express views on the shape of the credit curve of Asian credits using constant maturity credit default swaps. Lastly, the bank was very successful in placing managed deals in the region with specific notes issued for the Asian region: AXIOM, a CPPI of long-short credit strategies managed by AIG Global Investment Group and Palladium, a synthetic collateralised debt obligation (CDO) managed by BlackRock.
In equity derivatives, BNP Paribas pioneered in new markets such as China where it has been active in providing Renminbi equity-linked structured products. Its strength has been recognized by Chinese institutions such as Bank of China, which chose it as its first counterparty to trade equity-linked structured products. Successful new product launches include Titanium, a money market structured product first launched in Taiwan, which addressed the need of investors for a short-tenor product with stable and money market-like return. The bank also introduced several products that featured innovative alpha strategies linked to a proprietary S&P index, offering hedge fund like strategies with strong secondary market liquidity.
This year marks the first time that the Asset magazine is announcing a separate award series dedicated to Derivatives and Structured Products, thanks to the growing prominence they play in Asia’s capital markets.
About The Asset magazine
The Asset magazine is a monthly financial business magazine written for users and providers of financial services in Asia. Established in 1999, it has an average circulation of 16, 211, of which 85 per cent is distributed within Asia.
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