The new breed

Credit hybrids

asiarisk-jul07-09-gif

The combination of narrow credit spreads and a relative scarcity of traditional fixed-income instruments in Asia to underpin collateralised debt obligations (CDOs) is forcing the region's institutional investors to look at alternative asset classes. And dealers, sensing an opportunity, have started offering new types of structured credit products, including collateralised commodity obligations (CCOs), collateralised foreign exchange obligations (CFXOs) and credit hybrid obligations (CHOs).

Is

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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 indvidual account here: