| The equity derivative, proposed to be introduced, would be completely different from the existing futures and options available on the exchanges. |
| The bank, which over a short period of three years established itself in the syndicated loan market, also sees big business opportunity in mid-sized Indian companies, which could become "champions of tomorrow", said Francois Rameau, senior country officer-India, in an interview. |
| Globally, equity derivatives is one of Calyon's core business, but in India, it has concentrated on assisting domestic companies raise external commercial borrowings. |
| "We would like to look at equity derivatives very seriously and would be approaching the Reserve Bank of India for necessary approvals," said Rameau. |
| CLSA, another arm of Calyon, is into equity products in all markets, including India, but equity derivatives is handled by Calyon. It handles trading, sale and arbitrage of equity derivatives, index derivatives, simple or complex structured products, warrants, certificates and convertible bonds. |
| Another new area the bank is looking at is credit derivatives. "There is also a big potential in credit derivatives. We are a big player in this segment globally," he said. |
| Calyon has a top-tier global platform for structuring and distributing structured credit products with a team of over 110 specialists in London, Hong Kong, Tokyo, New York and Paris. |
| To get close with its potential clients, Calyon is also looking at expanding its branch network to Hyderabad and Kolkota. "We want to bank with mid-sized groups in India. For that to happen, we need to expand our geographical reach," he said. |
| Currently, Calyon has six branches in India. "We would like to take this number to eight or nine," he said, adding that Calyon was not into retail banking and the sole purpose of expanding was aimed at having a presence in country's top nine cities. |
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