Securitisation

A fruitful time for hybrids

Structurers are coming up with novel ways of tapping investor demand for credit-linked products without the default risk associated with the previous generation of structured products. Their answer? Hybrids. Regis Benichou and Arnaud Scemama of Calyon…

Reviving RMBS

With only one public RMBS issue in the UK during the whole of 2008, the market would seem to have hit rock-bottom. But moves are afoot to help restore confidence in the market and enable banks to finance mortgage lending, as Laurence Neville reports

Column: Andrew Kasapis

The events of the past year have played havoc with the cash bond/CDS basis, with traders struggling to make the strategy profitable. Is there a way of making alpha from this trade?

The return of the real money manager

With hedge funds feeling the pinch from the liquidity squeeze, real money managers have emerged as a reliable source of liquidity, earning themselves mandates from investors with cash to put to work. Credit gains an exclusive insight into how one of the…

Structured credit's re-formation

The structured credit market has been blamed for much of the turmoil in credit and, by association, the wider global economy. But many market participants remain convinced that structured credit has a major role to play in the financial landscape of the…

Rising above it?

Merrill Lynch's decision to ditch its collateralised debt obligation portfolio in July has been spun as a brave attempt to draw a line under its structured credit losses. But how good is the deal, and does it represent a template for other firms…

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