12 December 1998
Delphi saves a bank client $ 6 million
Delphi provides and Expert Witness service to law firms renegotiating contracts, seeking arbitration and assisting in litigation. Warren Edwardes of Delphi is the best selling author of Key Financial Instruments. http://www.dc3.co.uk/kfi/
Delphi's Warren Edwardes discussing a complex structured swap with Iona Levine, then Head, Derivatives Practice at Hammond Suddards, the City of London law firm, (now Head of Derivatives at Baker McKenzie)
Warren Edwardes, Delphi Risk Management's Chief Executive, said:
"Our mutual client, a southern EU bank, was offered USD 0.3 million by an investment bank to close out the transaction. Delphi's valuation was USD 6.42 million. The joint efforts of Hammond Suddards and Delphi enabled the delighted client to successfully renegotiate the close-out value of its structured swap."
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