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Issuers
DTCC says DerivServ volumes triple
Friday, March 9, 2007
The Depository Trust & Clearing Corporation’s has announced that its DerivServ OTC derivatives business tripled the volume of trades matched and confirmed in 2006 to 2.6 million, allowing the DTCC to provide a first-time rebate of $3 million to its global derivative dealer customers.
The company says the proportion of credit derivative trades that were matched successfully in 2006 was 80% - up from only 15% in 2004. The number of firms using DerivServ – which includes interest rate and equity as well as credit derivatives – is currently 753.
Source: DTCC
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CFlux secondary
CLO index levels:
| Index | 21 May |
|
| CFlux USD AAA | ↑ | 96.2 |
| CFlux USD AA | ↑ |
88.3 |
| CFlux USD A | ↓ | 84.1 |
| CFlux USD BBB | ↓ | 75.3 |
| CFlux USD BB | ↓ |
74.1 |
| CFlux USD EQ | ↑ | 77.5 |
