Designs on derivatives

A handful of savvy global custodians are devising ways to cash in on the epidemic of anxiety about derivative losses by corporations. Even as the majority of custodians have been content merely to upgrade their derivatives accounting and risk-management systems to handle clients' increased reli...

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Bibliographic Details
Published in:The Institutional investor (U.S. ed.) 1994-11, Vol.28 (11), p.157
Main Author: Schultz, Janine
Format: Magazinearticle
Language:English
Subjects:
Accuracy
Capital markets
Custodian accounts
Custodians
Derivatives
Fiduciaries
International finance
Investment advisors
Investment products
Pension funds
Pension plans
Stock brokers
Valuation
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Summary:A handful of savvy global custodians are devising ways to cash in on the epidemic of anxiety about derivative losses by corporations. Even as the majority of custodians have been content merely to upgrade their derivatives accounting and risk-management systems to handle clients' increased reliance on these complex products, others are creating new, fee-generating businesses that expand their derivatives services. Mellon Trust Co. is winding up to pitch an independent derivatives pricing service to its custody clients. Mellon's valuation of a fixed-income or a currency derivatives transaction would be distinct from that provided by the broker-dealer or the creator of the derivative product and hence, in theory, would be more objective.
ISSN:0020-3580