Index-linked synthetic CDO debuts

Synthetic collateralised debt obligations (CDOs) have proliferated since JP Morgan’s landmark Bistro deal in 1997. But despite their popularity, their cost and limited collateral diversification has left both hedgers and investors dissatisfied.

JP Morgan Chase is now attempting to tackle these issues with what is thought to be the first index-linked credit portfolio transaction to hit the market. The private deal is closing this month, so the US bank declined to reveal its size, but the char

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: