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Subprime's silver lining

Ian Hawkins, President of Invicta

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Not everyone is worrying about the turn in the credit cycle and rising defaults in US subprime mortgages - for credit derivatives product companies (CDPCs) such as Invicta Credit, it has opened up new possibilities. So says Invicta's president, New York-based risk specialist Ian Hawkins.

"In light of events in the subprime market, there are more opportunities there than we might have expected

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