Foreign exchange

Product performance

Two products common to the UK market and one that is well-known in the US - all three with the same strike date - are the subject of this month's comparisons

NYSID causes first monoline CDS default

An auction is to be held to settle credit derivatives linked to Syncora, the monoline formerly known as XL Capital Assurance, after a committee declared a credit event to have occurred on the firm on May 1.

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