Dear Derivatives Week subscriber: 

Catch the latest breaking news in this week's issue by clicking here: 
http://www.derivativesweek.com 

Top stories this week: 
______________________________________________ 
ITALIAN BANK TO BECOME MARKET MAKER FOR CREDIT.  
Unicredito Banca Mobiliare is planning to become a market maker 
for credit derivatives in Italy. It is looking at credit default swaps, total 
return swaps, and credit default options, and will likely be a market 
maker in these products by the second half of next year. 

JUMBO CANADIAN PENSION FUND TO PUMP UP EQUITY DERIVATIVES USE.  
The Ontario Teachers' Pension Plan Board, with CAD72 billion (USD48.42 
billion) 
under management, is looking to explore equity derivatives strategies. One of 
the 
most sophisticated end users in Canada, the fund is looking at starting a 
range 
accrual options and options overwriting program. 

INDIAN ASSET MANAGERS DIVE INTO SWAPS.  
A bevy of Indian asset managers are jumping into the rupee-denominated 
interest-rate 
swap market for the first time, which market players believe could boost 
liquidity. High 
interest-rate volatility, a better brokered market, and more future interest 
rate uncertainty 
are drawing the asset managers in droves. 
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Thanks and enjoy this week's issue. 

Jim Beecher 
Publisher 

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