First private banks to join Asia structured product platform

Credit Suisse and one other private bank are poised to sign up as the first clients to receive prices on Melbury, Asia's new multi-dealer structured products platform formed by a consortium of six major dealers seeking to lower costs and increase margins when distributing their products across Asia.

Details of the Melbury project were first revealed in July after falling equity derivatives revenues incentivised dealers to devise a way to save costs and boost profits. It is understood that Credit