Synthetic ABS is hot property

In the pre-derivatives world, investors in mortgage-backed securities or real-estate asset-backed securities had two options: either to buy particular pools of collateral, or not to buy them. Shorting a position or buying protection were out of the question.

But by mid-2005 those limitations had changed as investors welcomed the birth of credit default swaps on asset-backed securities, known colloquially as ABCDS. These new synthetic instruments acted as credit default swaps on individual hom

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: