Emerging markets derivatives: Latins learn virtue of credit swaps

Emerging markets derivatives: The central European option

Emerging markets derivatives: Swings and roundabahts

Credit derivatives have a reputation for being illusory – everybody in the market talks about them, but few institutions use them. Latin America may be an exception. In the past few months a substantial amount of business has gone through the market. “Credit derivatives are definitely picking up,” says Kevin Murphy, director of structured products at BankBoston. “The volume that we’ve seen in Latin America over the last three to six months has just moved up dramatically.