Defaults domino

Synthetic credit


Any optimism that the credit markets would recover and synthetic collateralised debt obligation (CDO) investments might pull back to par or even yield positive returns by maturity were dashed by the defaults of Lehman Brothers and six other western financial institutions since September.

That has left many Asian investors - including fund managers at insurance companies, wealth management units of local and regional banks, and commercial banks that tried to tough out the credit crunch - nursing

To continue reading...

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: