Weekly Issue Archive »

Issue 2 - August 16th

  • News

      • 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...

    • Capital Relief Trades

      • Funds drive tranche trading

        Hedge funds lead mezz selling

        CDX and iTraxx credit indices were relatively stable as the summer slowdown took full effect over the past week, but tranche volumes have been unusually high for August. Hedge funds have led the way in Europe, while in the US positive auto news has g...

  • Talking Point

    • Capital Relief Trades

      • A primer on valuing synthetic CDOs

        Richard Hrvatin, md in Fitch Ratings' credit products group in New York, describes the inputs necess...

        ? Richard Hrvatin, md in Fitch Ratings' credit products group in New York, describes the inputs necessary for estimating the market value of single-tier CDOs. In a funded synthetic collateralised debt obligation (CDO), a special-purpose vehicle (...

  • The Structured Credit Interview

    • ABS

      • Investment and management

        Pierre Emmanuel Juilliard, head of Structured Finance, AXA IM, answers SCI's questions this week

        ? Pierre Emmanuel Juilliard Q: When, how and why did your firm become involved in the structured credit markets?A: We have been involved in structured credit since the early 1990s - initially it was a tactical m...

  • Provider Profile

    • Capital Relief Trades

      • "We need to cater for all!"

        Profiling SunGard's Front Arena

        ? In the latest of our series of Provider Profiles we talk to Pontus Eriksson, product manager, credit and interest rate derivatives; and Peter Banham, global head of product and marketing groups, at SunGard's Front Arena. SunGard is one of the s...

  • Market Moves

    • Capital Relief Trades

      • A trade named sue

        A point of law

        So, Barclays Capital is about to be up before the beak. For the uninitiated, that's London slang for a judge. Well, really it means a magistrate, but no point in going into the intricacies of English Law here - apologies if that caused a shudder of r...

    • CLOs

      • Bear brings new ABS CDO

        A round up of this week's structured credit news

        ? Bear brings new ABS CDO In a new twist on the normal CDOs of ABS, Bear Stearns has launched the EUR450m Colonnade I, a partially synthetic CDO of European mezzanine ABS, for the Morgan Stanley Global Proprietary Credit Group. Typically CDOs of A...


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