Credit Agricole Corporate and Investment Bank is close to completing two life transactions which will add $500mn to 2010 life deal volumes, Trading Risk can reveal.The Regulation XXX and AXXX life reserve deals are expected to close in Q2 and will provide capital relief to ease regulatory reserve requirements for clients of the bank. The capital relief will be provided via structured letters of credit for specific blocks of life insurance policies, according to sources.
08 April 2010