Barclays PLC, accused of deceiving German Lender HSN Nordbank of derivatives trade, has settled a legal dispute with HSM one week prior to official court sitting.

According to the legal claim filed in September, Barclays’ fraud on derivative trade cost HSH $150 million.

Negotiations on the settlement of this matter intensified recently during the World Economic Forum in Davos, Switzerland. The meeting between Barclays’ officials and HSH executives was held in a town nearby.

On February 14, the parties declared the legal dispute has been “resolved amicably”, though the details of this settlement were not disclosed.

Neither HSH nor Barclay’s representatives made any comment on this matter.

The derivative product sold to HSH predecessor Landesbank Schleswig-Holstein in 2000 was a credit derivative known as a collateralized debt obligation or CDO, according to the Wall Street Journal. As the sale of CDO helps companies protect against corporate defaults, CDO became very popular and its sales increased in recent years.

Despite strong demand, purchases and sales of derivatives still lack transparency. In many cases it happens since both parties, the investment bank selling the derivative and investor buying this product, are not willing to discuss losses caused by derivatives.

The court case of HSH against Barclays shed light upon Barclays’ derivatives-sales operations.