Issue Archive
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Issue 20 - December 20th
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More LCDS talk
European contract negotiations continue
The expected meeting and vote over the contract specifications for European LCDS (see SCI issue 19)...
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Issue 19 - December 13th
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European LCDS to go to the vote
Mexican stand-off makes result uncertain
Continued differences of opinion among the major dealers over the future path for loan CDS in Europe...
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Issue 18 - December 6th
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Credit bankers' earnings skyrocket
New SCI survey tracks boom in compensation
A survey undertaken by Structured Credit Investor reveals that dealers' compensation packages acros...
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Issue 17 - November 29th
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Synthetic Trups CDOs moving closer?
New rating methodology may help US synthetics, but European underlying could be adversely impacted
Moody's has issued a comment paper on a revised approach for rating preferred stock and hybrid secur...
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Issue 16 - November 22nd
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European LCDS debate rolls on
Portfolio managers association calls for cancellability but not all agree
The International Association of Credit Portfolio Managers (IACPM) joined in the debate over LCDS d...
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Issue 15 - November 15th
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European LCDS revamped
New documentation to bring increased liquidity
Dealers met on Tuesday 14 November to thrash out new documentation for the European loan-based CDS...
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Issue 14 - November 8th
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Inward and onward
Structured bid and investors keep spreads narrowing
Spreads in the main US and European CDS indices have been driven tighter over the past week with (s...
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Issue 13 - November 1st
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Blackrock wins CRE CDO race
First European CRE CDO arrives, but market still faces challenges
Morgan Stanley has begun marketing the long-awaited debut European commercial real estate (CRE) CDO...
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Issue 12 - October 25th
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CDS on CMBS for Japan
New product in the pipeline
Tokyo-based dealers are prepping the first CDS on Japanese CMBS trades. Local investors are sceptica...
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Issue 11 - October 18th
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Options on the rise
No volatility, but there is more volume
Despite falling volatility, the credit options market seems to be gaining some traction at last. In...
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Issue 10 - October 11th
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Property CDS set for launch
Standardised US product terms already under discussion
A new generation of property-based credit derivatives products are targeted for launch in the US in...
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Issue 9 - October 4th
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First public cat CDO launched
Groundbreaking insurance deal could set a trend
ABN AMRO has put together the first publicly rated CDO of natural catastrophe risk on behalf of ins...
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Issue 8 - September 27th
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Post-roll surge
Record volumes ease spread pressure, but structured bid expected to return
The four trading days following last Wednesday's index roll saw record volumes of CDX and iTraxx in...
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Issue 7 - September 20th
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Learning curve moves steeper
Hedge funds look for yield in more complex structures
Tight spreads have recently driven investors to move into longer maturities and higher yielding tran...
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Issue 6 - September 13th
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Korean investors consider next move
Shift beyond managed synthetics possible
Synthetic CDO volumes in South Korea are growing rapidly. At present, investors are happy to focus...
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Issue 5 - September 6th
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Market prepares for bankruptcy test
Protocol in place as investors brace themselves for next credit event
The next credit event to hit the credit derivatives market, which could only be a matter of days aw...
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Issue 4 - August 30th
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Japanese CDOs boom
Investor appetite for synthetics grows in Tokyo
Synthetic CDOs are attracting a rapidly growing number and range of Japanese structured credit inve...
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Issue 3 - August 23rd
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Risk lags spreads
Below the surface of the past week's action
The past week has seen significant narrowing of spreads in all iTraxx credit derivatives, providing...
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Issue 2 - August 16th
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CPDOs enable rated coupons
New 'CPPI' structure set for launch
A new type of constant proportion portfolio insurance (CPPI) structure is being prepped for at leas...
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Issue 1 - August 9th
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Succession fears allayed
Potential tax-free spin-offs appear limited
Investor concerns about the possible acceleration of succession events affecting the...
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