DelphX Capital Markets Provides Update on CRS Program and Expands Broker-Dealer Services to Include Private Placements for Mid-Market Companies
DelphX Capital Markets (DPXCF) reports significant progress in its Credit Rating Security (CRS) program, with three leading hedge funds and two insurance companies currently negotiating terms for the first CRS issuances. The company expects to finalize transactions in Q2 2025, covering a list of over 30 bonds under review.
The company anticipates fees of USD $100,000 or more per bond for each CRS issuance. Additionally, DelphX is expanding its broker-dealer services to include private placement business across credit market products, focusing on mid-market companies. This expansion aims to provide new investment opportunities requested by hedge funds while maintaining the CRS program as the primary focus.
DelphX Capital Markets (DPXCF) riporta progressi significativi nel suo programma di Credit Rating Security (CRS), con tre fondi hedge leader e due compagnie di assicurazione attualmente in fase di negoziazione per i primi emissioni di CRS. L'azienda prevede di finalizzare le transazioni nel secondo trimestre del 2025, coprendo un elenco di oltre 30 obbligazioni in fase di revisione.
L'azienda prevede commissioni di USD $100.000 o più per obbligazione per ciascuna emissione di CRS. Inoltre, DelphX sta espandendo i suoi servizi di broker-dealer per includere attività di collocamento privato in prodotti del mercato del credito, concentrandosi su aziende di medie dimensioni. Questa espansione mira a fornire nuove opportunità di investimento richieste dai fondi hedge, mantenendo il programma CRS come obiettivo principale.
DelphX Capital Markets (DPXCF) informa sobre avances significativos en su programa de Credit Rating Security (CRS), con tres fondos de cobertura líderes y dos compañías de seguros actualmente negociando los términos para las primeras emisiones de CRS. La empresa espera finalizar las transacciones en el segundo trimestre de 2025, abarcando una lista de más de 30 bonos en revisión.
La empresa anticipa tarifas de USD $100,000 o más por bono para cada emisión de CRS. Además, DelphX está expandiendo sus servicios de corredor-dealer para incluir negocios de colocación privada en productos del mercado de crédito, enfocándose en empresas de mediana capitalización. Esta expansión tiene como objetivo proporcionar nuevas oportunidades de inversión solicitadas por los fondos de cobertura, mientras se mantiene el programa CRS como enfoque principal.
델프X 캐피탈 마켓 (DPXCF)은 신용 등급 보안 (CRS) 프로그램에서 중요한 진전을 보고하며, 현재 세 개의 주요 헤지 펀드와 두 개의 보험 회사가 첫 번째 CRS 발행을 위한 조건을 협상 중입니다. 회사는 2025년 2분기에 거래를 마무리할 것으로 예상하며, 검토 중인 30개 이상의 채권 목록을 포함합니다.
회사는 각 CRS 발행에 대해 채권당 USD $100,000 이상의 수수료를 예상하고 있습니다. 또한, 델프X는 중소기업에 초점을 맞춰 신용 시장 제품에 대한 사모 배치 비즈니스를 포함하도록 중개인-딜러 서비스를 확장하고 있습니다. 이 확장은 헤지 펀드에서 요청한 새로운 투자 기회를 제공하는 것을 목표로 하며, CRS 프로그램을 주요 초점으로 유지합니다.
DelphX Capital Markets (DPXCF) fait état de progrès significatifs dans son programme de Credit Rating Security (CRS), avec trois fonds spéculatifs de premier plan et deux compagnies d'assurances actuellement en négociation pour les premières émissions de CRS. L'entreprise prévoit de finaliser les transactions au deuxième trimestre 2025, couvrant une liste de plus de 30 obligations en cours d'examen.
L'entreprise anticipe des frais de USD $100,000 ou plus par obligation pour chaque émission de CRS. De plus, DelphX élargit ses services de courtier-négociant pour inclure des activités de placement privé dans des produits du marché du crédit, en se concentrant sur les entreprises de taille intermédiaire. Cette expansion vise à fournir de nouvelles opportunités d'investissement demandées par les fonds spéculatifs tout en maintenant le programme CRS comme objectif principal.
DelphX Capital Markets (DPXCF) berichtet über bedeutende Fortschritte in seinem Credit Rating Security (CRS) Programm, wobei derzeit drei führende Hedgefonds und zwei Versicherungsgesellschaften die Bedingungen für die ersten CRS-Emissionen verhandeln. Das Unternehmen erwartet, die Transaktionen im zweiten Quartal 2025 abzuschließen, wobei eine Liste von über 30 zu prüfenden Anleihen umfasst ist.
Das Unternehmen rechnet mit Gebühren von USD $100.000 oder mehr pro Anleihe für jede CRS-Emission. Darüber hinaus erweitert DelphX seine Broker-Dealer-Dienste, um private Platzierungsgeschäfte im Bereich der Kreditmarktprodukte einzubeziehen, wobei der Fokus auf mittelständischen Unternehmen liegt. Diese Expansion zielt darauf ab, neue Investitionsmöglichkeiten zu bieten, die von Hedgefonds angefordert werden, während das CRS-Programm im Mittelpunkt bleibt.
- Expected revenue of USD $100,000+ per bond for CRS issuances
- Secured participation of 3 hedge funds and 2 insurance companies for CRS program
- Pipeline of 30+ bonds under review for Q2 2025 transactions
- New revenue stream through expansion into private placement services
- No CRS transactions completed yet, still in negotiation phase
Toronto, Ontario--(Newsfile Corp. - April 3, 2025) - DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) ("DelphX" or "the Company"), a leader in the development of new classes of structured products for the fixed income market, wishes to update investors on the advancements in its Credit Rating Security ("CRS") program. As the merits of the CRS solution becomes more widely recognized, the Company has been able to expand both potential buyers and sellers of CRS to now include three leading hedge funds and two insurance companies, who together are negotiating terms to the first groupings of bonds which will be referenced in these first issuances. In a list of over 30 bonds being reviewed the Company expects transactions in CRS to be finalized in Q2 2025. Positive reception from hedge funds and institutional buyers underscores the potential for CRS to become a significant risk management tool. Under normal circumstances the Company expects to receive fees of USD
The Company also wishes to announce the expansion of its broker-dealer services to include private placement business across all credit market products. This strategic initiative leverages DelphX's expertise in structured products and credit risk management to deliver innovative funding solutions tailored to mid-market companies. It also follows the requests from hedge funds to provide new lines of investment opportunities which are currently not being presented. Under no circumstances will this expansion infringe on the CRS program or any of its strategic initiatives.
"Based on demand from hedge funds and others who seek new investment opportunities, we are excited to broaden our broker-dealer capabilities to include private placements, targeting mid-market companies with unique financing needs," said Patrick Wood, President and CEO of DelphX Capital Markets Inc. "Our team's experience in bond markets, combined with strategic partnerships, enables us to connect growing corporations with capital efficiently and without harm to our primary focus of Credit Rating Securities. This expansion reinforces our commitment to innovation and value creation in the credit markets and further enhances revenue opportunities for the Company."
About DelphX Capital Markets Inc.
DelphX is a technology and financial services company focused on developing and distributing the next generation of structured products. Through its special purpose vehicle Quantem LLC, the Company enables fixed income dealers to offer new private placement securities that provide mitigation of spread and capital charge losses when downgrades occur, while allowing for attractive returns. The new DelphX securities will enable dealers and their qualified institutional investors (QIBs) accounts to competitively structure, sell and make markets in:
Collateralized put options (CPOs) that provide secured rating downgrade protection for underlying corporate bonds;
Collateralized reference notes (CRNs) that enable investors to take on a capped rating downgrade exposure of an underlying security in exchange for attractive returns.
All CPOs and CRNs are fully collateralized and held in custody by US Bank. CPOs and CRNs are proprietary products created and owned by DelphX Capital Markets.
For more information about DelphX, please visit www.delphx.com.
Contact:
George Wentworth, General Manager
DelphX Capital Markets Inc.
george.wentworth@delphx.com
(718) 509-2160
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247303
FAQ
When will DelphX (DPXCF) finalize its first CRS transactions?
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How many potential buyers and sellers are currently involved in DelphX's (DPXCF) CRS program?
What is the scope of DelphX's (DPXCF) new private placement business expansion?
How many bonds are currently under review for DelphX's (DPXCF) CRS program?
