Sunil Hirani is quoted in "Optional Extras," a story in the November issue of the US edition of Credit that
discusses the launch of basket-linked notes in the credit derivatives market. Hirani discusses the rising volume in options
traded on credit indexes as well as the utility and efficiency of these new products. Hirani says liquidity will grow further. "With
the indices themselves already providing an efficient way to take a directional view on credit markets, credit index options
are an efficient tool to get leveraged access to credit spreads. On the back of this, many banks are creating new structured
products in both funded and unfunded forms that have options embedded in them," Hirani told Credit.
