The market divides into three distinct parts. The oldest type of synthetic CDO is the balance-sheet or regulatory capital deal. Banks started to issue these in 1997, realizing that they could reduce ...
Carla Tardi is a technical editor and digital content producer with 25+ years of experience at top-tier investment banks and money-management firms. Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an ...
Aug 24 - OVERVIEW -- We have reviewed the ratings on all European transactions in the monthly Global SROC Report. -- We have taken various rating actions on 22 synthetic CDO tranches. -- All the ...
The recent correction in the bond markets could prove to be a boon for emerging market CDOs, according to bankers. A few synthetic deals are in the pipeline, including one being arranged by Goldman ...
Sharp market swings and rising bankruptcies have failed to dampen activity in a complex breed of credit derivatives that enable investors to take leveraged bets on company defaults. The net size of ...
Global ratings house Standard & Poor’s is proposing to change the way it rates collateralised debt obligations (CDOs) – something likely to have an initial negative impact on the existing ratings of ...
Kamakura Corporation released an important research paper on collateralized debt valuation that proves a common market assumption about correlations can lead to dramatically incorrect CDO valuations.
Under a €20bn programme, Omega Capital will issue 11 classes of notes rated from triple-A to triple-B by Fitch Ratings and Standard & Poor’s. The notes are denominated in euros, US dollars and yen.
Beijing firmly opposes U.S. tariff hikes on Chinese imports, China's commerce ministry said in a statement on Saturday, urging the U.S. to immediately correct its "wrongdoings" and lift all tariffs ...