DelphX Capital Markets Provides Update on CRS Program and Expands Broker-Dealer Services to Include Private Placements for Mid-Market Companies

Core Insights - DelphX Capital Markets Inc. is advancing its Credit Rating Security (CRS) program, expanding its buyer and seller base to include three hedge funds and two insurance companies, with expectations to finalize transactions in Q2 2025 [2][3] - The company is also expanding its broker-dealer services to include private placements for mid-market companies, responding to demand from hedge funds for new investment opportunities [3][4] - The expansion aims to leverage DelphX's expertise in structured products and credit risk management, enhancing revenue opportunities while maintaining focus on the CRS program [4] CRS Program Update - The CRS program is gaining recognition, with negotiations underway for the first groupings of bonds, expected to finalize in Q2 2025 [2] - The company anticipates fees of USD $100,000 or more for each bond issued under the CRS program [2] Broker-Dealer Services Expansion - The expansion of broker-dealer services will include private placements across all credit market products, targeting mid-market companies [3][4] - This initiative is designed to connect growing corporations with capital efficiently, without impacting the CRS program [4] Product Offerings - DelphX is focused on developing structured products such as Collateralized Put Options (CPOs) and Collateralized Reference Notes (CRNs) [5] - These products provide secured rating downgrade protection and allow for capped downgrade exposure in exchange for attractive returns [5][6]