Foreign exchange
The true cost of no-cost mortgages
Banks offering no-cost mortgages have been accused of hiding the real cost of the loan from borrowers. But as Andrew Kalotay and Jinghua Qian explain, lenders can also run into problems if they fail to calculate correctly the prepayment behaviour of…
Talking point - The leveraged loan logjam
With the value of delayed leveraged loans nearing $400 billion, will sufficient liquidity return to the market to get these loans off the lending banks' balance sheets? Credit asks four experts
Legal Spotlight
Laws governing corporate insolvency and restructuring are failing to keep up with changes in the financial markets. Christopher Hall and Andrew Wilkinson argue that a programme of modernisation is needed
Stephen Andress
The head of derivatives ops at Northern Trust talks to Matthew Attwood about how credit derivatives are evolving and what effect the summer's turmoil may have on the industry
Protected from the subprime chaos
The Latin American region has suffered its fair share of financial difficulties - most of them self-inflicted - but a period of economic stability and rebuilding has left many LatAm countries well equipped to withstand the fallout from the recent…
ABN Amro rejects criticism of CPDOs after index roll fails to dent structures
Fears that the September 20 roll of the CDX and iTraxx indices would put CPDO structures under pressure have so far proved unfounded, with the indices tightening less than expected
First Pacific Advisors - The waiting game pays off
Betting against the markets takes a steady nerve, but for Robert Rodriguez and Thomas Atteberry, investment managers at West Coast house First Pacific Advisors, the strategy has paid off - and how. Dalia Fahmy talks to the two men who run this year's…
Tim Fletcher
Insufficient data is at the root of the credit market's ruined summer, Baseline Capital's sales and marketing director tells Matthew Attwood
The contagion will spread
All eyes have been on the residential mortgage-backed sector but, as our new columnist points out, commercial real estate may be the next to provide some nasty surprises
Back to Basics
We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask ... Mark Beeston, president of trade affirmation platform T-Zero, looks at novations
Q&A - Rohan Douglas
The founder and CEO of Quantifi, the structured credit modelling and risk analysis firm, talks about the effects of the summer's volatility on the structured finance market, in particular how existing models have fared against the turmoil
US investment banks reveal their missing millions
Losses caused by the summer's credit crisis were not as bad as feared at four of the biggest US banks, according to recent quarterly results announcements
It's a cruel, cruel summer
This period of monetary tightening has ended with a pop - just like all the recent ones
All fall down - What's the next move for structured credit?
Banks are still counting the cost of the summer's credit crisis yet thoughts are already turning to what shape the structured credit market may take after the recent catastrophe. Are we looking at a new market paradigm or will things be the same as…
The psychology of it all
The events of the summer have ravaged investor confidence in high yield and leveraged loans. Tim Hall at Calyon looks at the effect of the credit meltdown on three constituencies of the market: investors, issuers and underwriters
Comcast
With the global primary markets almost grinding to a halt, this month we focus on a single deal: the $3 billion dual-tranche bond from US cable operator Comcast