Credit derivative product companies (cdpcs)
Only registrants to date are MBIA and Cournot Financial Products – firms that have not traded derivatives since 2008
New York-based credit derivatives product company Primus Guaranty is planning a new credit protection venture to write credit default swaps on corporate and sovereign debt and some triple-A rated structured...
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Credit derivative product companies (cdpcs) articles
The credit downturn has coupled with unprecedented fear over counterparty risk to stymie opportunities for credit derivatives product companies. Some market participants are investigating restructuring, but is there a way forward? By Mark Pengelly
Primus Guaranty, the Bermuda-based credit derivatives product company (CDPC) and asset manager, is considering setting up a new entity to sell credit protection. But unlike its existing business model, the venture would post collateral. CDPCs sell protection...
The prospects for credit derivative product companies (CDPCs) have worsened in recent months following several credit events, despite the resilience of the vehicles in the early part of the financial crisis. Primus Financial Products, a specialist seller...
Monoline insurers act as triple-A guarantors of the senior risks in structured finance. A purchaser of credit insurance or protection from a monoline may argue that they take only a small amount of the counterparty risk that is a common side-effect of...
Moody's Investors Service placed the AAA counterparty rating of credit derivatives product company (CDPC) Athilon Capital on watch for downgrade on July 9. CDPCs write protection on senior credit default swaps and tranches of securitisations in exchange...
Connie Voldstad was head of JP Morgan's first dedicated swaps desk, established Merrill Lynch's AAA-rated derivatives product company, and was one of the six-strong team charged with winding down Long-Term Capital Management. His latest project is a new...
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future
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