Credit markets
Loans return?
Loans
The best scenario
Technology
Libor under attack
Interest rates
Restoring ratings
CDO ratings
Broaden valuation options
In the same way credit risk managers used to question how a loan would be repaid if the primary means of payment were to fail, so banks ought to ask if there is another way to value structured credit investments if market liquidity were to dry up, argues…
The sewers of Jefferson County
Auction-rate Securities
Central clearing house becomes a reality
Clearing Corporation, a Chicago-based clearing house, and the New York-based Depository Trust and Clearing Corporation (DTCC) will launch central counterparty clearing services for a range of over-the-counter credit derivatives in the third quarter.
Marking to market, to model or to matrix?
10. Mark-to-market
CDOs: Weathering the subprime storm
1. Introduction
Arbitrage, super-senior and single-tranche CDOs
4. Other CDO types
The benefits of balance sheet management
2. Balance sheet management
Monoline insurers and the super-senior bombshell
9. Monolines
The spread of collateral in the CDO market
5. Other collateral types
Rebuilding a stronger structured credit market
Sponsored foreword
CDS and synthetic CDOs
3. Credit default swaps
Summer 2007: When the music stopped
8. Credit crisis
CDOs and the subprime mortgage market
7. Subprime mortgages
The future for CDOs: An end to complexity?
12. The outlook