Infrastructure
Market snapshot
Tim Mortimer of Future Value Consultants looks at the pricing issues for structured products in different markets and provides his trade of the month
Exchange credentials
Index providers
Default lines
Credit ratings
Marking to make-believe
Opinion
Stripping out forex
Currency overlay
Altering approaches
Corporates: Hedging strategies
Spiralling debt
Cover story
The liquidity link
Economic capital
Confirmations in the spotlight
Back office
Oil reaches new record as gas continues to rise
Crude oil futures closed at a record $102.59 on the New York Mercantile Exchange (Nymex) Thursday.
HSH Nordbank alleges fraud by UBS over CDO
HSH Nordbank has filed a suit against UBS, claiming fraud caused it significant losses on a $500 million investment in a subprime mortgage-linked synthetic collateralised debt obligation (CDO) sold to the German bank in 2002.
Auto loan ABS delinquencies rise
With uncertainty blighting the US economy, auto loan delinquencies have hit 10-year highs.
Progress made on equity derivatives backlogs
Investment banks have continued to make progress with reducing confirmation backlogs associated with executing over-the-counter equity derivatives trades. The average backlog has been reduced to nine days, down from 19 days in November 2006, according to…
Crude oil hits new record
Crude oil for March delivery rose 73 cents to finish at a new record closing high of $100.74 a barrel on the New York Mercantile Exchange (Nymex) today.
Norway tightens rules on retail structured products
Norway’s Financial Supervisory Authority (FSA) has tightened rules regarding the sale of structured products to retail investors. The revised regulations are an attempt to prevent financial institutions selling complex instruments to retail investors,…
AIG admits errors in credit loss estimates
American International Group's (AIG) writedowns on its US subprime exposure were more than triple the original estimate, it emerged yesterday.
Sky Road Power Platform Launched
Software solutions provider Sky Road has launched the Sky Road Power Platform, providing access to all pricing points in the PJM Interconnection, New England, New York, and Midwest Independent System Operator (ISO) /Regional Transmission Organization …
Unicredit launches first Polish product as secondary market swells
Unicredit group is introducing its first listed certificate in Poland. The launch comes as The Warsaw Stock Exchange (WSE) announces record trading figures for structured products throughout January, up 174% from the previous all-time high in November…
Surprise over "severe" Fitch CDO cuts
Fitch Ratings has outlined possible changes to its approach to rating collateralised debt obligations (CDOs), with downgrades potentially far deeper than the market expected.
SG downgrade throws shadow over structured products
The €4.9 billion loss at Société Générale (SG), blamed by the bank on a single rogue trader, has drawn attention to counterparty credit risk within the structured products industry.