Credit in context

Many loan and asset managers continue to find structured credit unappealing because assessing its risk within a portfolio context is tricky. Has Dresdner Kleinwort Wasserstein begun to crack the problem? By Navroz Patel

Single-tranche collateralised debt obligations (CDOs) have made significant stepstowards becoming mainstream products within the dealer community this year. Around20 firms now offer these products, and their metamorphosis from exotica is evidencedby the emergence of a common language. When traders speak about deltas and impliedcorrelation, other traders now know what is being specified. But for the averagebuy-side or loan portfolio manager wanting to buy structured credit, this kindof talk

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

Most read articles loading...

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