Credit - 2006-03-01
Articles in this issue
David Newman
Citigroup's co-head of European credit trading tells Hardeep Dhillon how he has adapted his research skills to the world of trading
Back to Basics
We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask... Karl Wyborn, head of derivatives collateral management sales at JPMorgan in London, runs through the A to Z of collateral management
Credit options: Arrested development
Credit Options
Capital markets bodies form single association
The ICMA, BMA and Isda are joining forces to create the Global Capital Markets Board
Hedge funds preoccupy ABS West conference
The main debate concerned the growing role of hedge funds in securitisation
Is time running out for General Motors?
General Motors
Isda issues follow-up to Novation Protocol
The Novation Protocol II differs from the original in being open-ended
BoA re-aligns loan assignment fee structure
The changes bring the bank in line with other major banks in waiving certain fees
High Yield flying high
High Yield
BAA bondholders win covenant concession after takeover bid
Buyout talk prompts BAA bondholders to demand - and gain - a change-of-control clause in new bonds
Lehman launches high-yield loan index
The move is in response to the growth of high-yield floating-rate leveraged loans
The new man at the helm of the US economy
Fed chairman Ben Bernanke's maiden testimony in February reassured the bond markets with soothing tones of continuity with the Greenspan era. But with question marks still hanging over his inflation policy, and how much of an impact his personal style of…
Payback time for Latin America
Brazil and Argentina have repaid in full the debt owed to the IMF. But while Brazil seemed grateful for the loan, Argentina's president made a bridge-burning speech attacking the Fund's policies. Josh Goodman looks at the two nations' economic outlook
Ever-decreasing tranches
Structured Credit
Hedge trade error costs Nordea EUR20 million
The incorrect hedge registration by a trader went unnoticed for several weeks
S&P predicts greater sovereign rating demand
Ratings on emerging market sovereigns will be a growth area, says the agency
Hedge funds play it safe
Mezzanine Debt
Talking Point - Event risk
Single-name event risk is posing increasing challenges for bond investors. Credit asks whether idiosyncratic risk will force an underperformance in credit spreads this year
iBoxx inflates index offering
Inflation-Linked Bonds
South Africa New beginnings
Regional Focus
Mardig Haladjian
With more Islamic institutions looking for ratings, the general manager of the financial institutions group at Moody's in Cyprus explains how the agency rates these names versus conventional credits
Hybrids on track in the US
Bankers predict hybrid capital volumes to intensify this year and reach as much as $65 billion
Recent developments in Latin American credit trading
Banks, suppliers and investors are increasingly focused on financial techniques to facilitate credit risk transfer in regional names
