Structured credit comes unstuck

Credit

The mainstream structured products world has been increasingly eyeing the structured credit space over the past year or so. While the older generation of structured credit products, like collateralised debt obligations (CDOs), remain the domain of the institutional investor, the newer generation of structured credit products had been looking to be pitched to the retail client (see Structured Products January 2007). Indeed many of these products have borrowed technology originally used in the

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