Realigning exposures

CDO restructuring

While demand for new deals remains healthy, some investors in older synthetic collateralised debt obligations (CDOs) are getting their fingers burnt as defaults eat through tranches. Managed synthetics are expected to eventually predominate and, in theory at least, should allow credits to be ditched before they become a problem. But for those investors saddled with lacklustre tranches from earlier static synthetic CDOs, help is now at hand as dealers offer derivatives solutions to under-perf

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: