Cashflow CDOs contain more CDS, says Fitch

Fitch Ratings says synthetic securities such as credit default swaps are more prevalent in the portfolios of recent cashflow collateralised debt obligations (CDOs) it has rated. According to the rating agency, synthetic securities have accounted for around 30% of collateral in recent deals. Until recently, the historical average had been 5-10%.

Synthetic securities are becoming more popular as they enable asset managers to more easily obtain their allocation from a specific issue for deals th

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 indvidual account here: