Deal of the Year - Constant Proportion Debt Obligation, ABN AMRO

The Risk Awards 2007


Rarely does the release of a financial product cause such a stir. When ABN Amro unveiled a new deal called Surf and its underlying constant proportion debt obligation (CPDO) technology to investors last July, little could have prepared the Dutch bank for the barrage of criticism that was to follow.

In its first few months, Surf was blamed for a tightening of credit spreads that saw the iTraxx Europe reach record lows. Then came the regulators. Speaking at a conference organised

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here