Credit markets
Bright forecast for weather derivatives
To attract more corporate end-users, purveyors of weather derivatives are creating new products in search of the perfect hedge, as Catherine Lacoursiere finds
L Sankar, Jure Skarabot
Citigroup credit derivatives specialists explain why the Gaussian copula model, despite its flaws, is still the market standard for analysing correlation
Credit derivatives: the next generation
Now that credit default swaps and other credit derivatives are moving into the mainstream of financial trading, a new range of products and structures are being developed using synthetic techniques. Calyon's Loic Fery and Ally Chow review some of these…
Cash-CDS basis
Market graphic
Convertibles are back in fashion ... but how can they avoid the pitfalls of the past?
Convertible bonds are back on investors' radars after an overvalued market imploded early last year. But how sustainable is the recovery - and how can it avoid repeating the pattern of the last bloodbath? Jean-Paul Carbonnier investigates
Swiss restructuring
As regulatory pressure on insurance companies to improve their solvency requirements increases, one reinsurer's reaction stands out from the crowd. Hardeep Dhillon looks at how Swiss Re is using innovative structures in the debt capital markets to…
Leveraged loan CDS
Looking beyond the hype
James Vinci
As hedge funds have grown, so too has prime brokerage. Market leader Morgan Stanley's prime brokerage MD James Vinci explains the challenges of this business to Saskia Scholtes
Overcoming the barriers to a CDS futures market
The long-awaited CDS futures contract from Eurex has suffered repeated setbacks. Initially planned for launch last year, it is yet to make an appearance. Sell-side inertia, documentation disputes and a booming OTC market are some of the obstacles it…
Winner: Grand plc
In our monthly roundup of innovative deals in the credit markets, we highlight the Grand CMBS transaction, Vneshtorgbank's MBS and Wellcome Trust's inaugural bond issue
Legal Spotlight
US Congress is considering new legislation that could enable CDO issuers to sell greater chunks of their CDOs to pension plan investors. Todd Garvelink and Howard Mulligan explain
Playing a long game
Longevity
The forex wildfire
Foreign exchange
Australia prepares for take-off
Country profile: Australia
European reflections
European Roundtable