Repacks revisited: Asia investors turn to structured credit

Repacks revisited

packages

The credit repack business used to be an example of financial innovation at its most creative as dealers used the flexibility of repackaging different underlyings to provide a bespoke product to investors unable either to purchase the underlying asset or to enter into a derivative transaction on their own account, typically for tax, accounting or regulatory reasons.

The onset of the 2008 financial crisis and the bankruptcy of Lehman Brothers, however, triggered defaults of the highly leveraged s

To continue reading...

You must be signed in to use this feature.

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: