LOOSE CHANGE

LOOSE CHANGE

Credit Suisse First Boston has opened a separate unit in London to handle derivatives business, including currency and interest-rate swaps. Called Credit Suisse Financial Products Ltd, the unit has been initially capitalized at $150 million and expects to receive the highest rating from the principal rating agencies.

The capital and rating arrangements are intended to ensure that CSFP can negotiate the best prices when acting as a principal in arranging swaps. Until now, most of CSFP's swap a