CMS 10-10 awarded “Investment Product of the Year” at the 2020 Risk.net Awards

Crédit Agricole CIB was honoured with the ‘Investment Product of the Year’ Award for the CMS 10-10 solution the Bank developed.

From early 2018, our teams worked closely with our clients to better understand how to help them manage their investment portfolios. This collaborative creative process led to a simple and innovative solution: the CMS 10-10, awarded the Investment Product of the Year at the 2020 Risk.net Awards in London on November 26, 2019.

The CMS 10-10 solution brought the market back to life – it’s proven to be an excellent alternative to the usual variable rate note (FRN), by tacking the problem of negative carry and providing a transparent, observable and efficient result. 

Since launching the product in November 2018, Crédit Agricole CIB has issued €700 million in 14 transactions, including a green bond issue, which is the largest structured euro issue in 2019. The product has been especially successful with European Pension Funds and Insurance companies. The total amount of €2.8 billion issues demonstrates the rapid adoption by the market, and scalability of CMS 10-10 solution. 

Photo de notre équipe lors des Risk.Net Awards

Learn more about this product in Risk.net's article below and on our website.