Credit markets
Swiss Re hybrid gets equity classification
Surprise decision from insurance regulator fails to dampen demand
Asian CDOs set to rise
No adverse effect on synthetic CDOs from the bankruptcy of Dana Corp
Pierre-Emmanuel Juillard
The head of structured finance at Axa Investment Managers in Paris explains his investment philosophy to Hardeep Dhillon
Is the light fading at the end of the Eurotunnel?
Bondholders reject Eurotunnel's debt restructuring plan
Eurobond issuance picks up
The pre-World Cup month of May sees a six-fold rise in Eurobond issuance
Building a market for credit options
Calls to improve efficiency in credit options trading are intensifying as the market continues to mature. Hardeep Dhillon looks at a recent initiative by Icap which brought together market participants to discuss dealers' proposals
Greenspan 'appalled' by credit derivatives processing failings
Former Fed chief hits out at sloppy CDS documentation procedures
Abstract assets
Securitisation based on new, previously unexploited assets, is a growth industry, expected to double in size by the end of 2006. Sarfraz Thind reports on how issuers are getting smarter at applying existing tools to new areas
Street Cred - Judgement day
Our new US column, StreetCred, suggests there may soon be a day of reckoning for the structured credit market
Rethinking Ratings
Credit ratings
A toast to the winners
End-User Survey 2006
CDOs set to get big in Japan
Cover story: Accounting
An air of simplicity
Profile: Qantas
Dirty derivatives
Money laundering
Convergence on credit
Insurance
CMCDS valuation with market models
There is little, if any, literature available on constant maturity credit default swap valuation. Here, Damiano Brigo builds on his no-arbitrage dynamic credit default swap (CDS) market model to derive a formula involving a 'convexity adjustment' feature…