Structured products
Nick Themelis
The CIO at e-trading platform MarketAxess tells Matthew Attwood how the company's technology helps clients achieve regulatory compliance
Joe Lovrics
Quite what kind of structured credit market will emerge from the ashes of the financial crisis is a matter for intense debate. The head of structured credit sales at BNP Paribas gives his views on the drivers for the market's future
In thrall to the exchequer
Banks have accepted the bailout cash, but will this Faustian pact come back to haunt them?
Fool's gold - How securitisation promised much ... but delivered little
The notion that securitisation as a technique is able to increase liquidity in the financial system by making marketable securities out of hitherto illiquid debt has been exposed as flawed, argues Anastasia Nesvetailova. It's not that financial…
My money's on covered bonds
An asset class that has prospered throughout some of the most turbulent times in modern European history must surely be a serious investment prospect during the current downturn
Market graphic - The 2008-2010 credit cycle
Default rates are on the way up, but by how much? Ulf Erlandsson and Graham Rennison, quantitative analysts at Barclays Capital, use data on credit conditions to predict default rates and economic growth rates over the next two years of the cycle
New year, new hope for euro corporate bonds
Now that issuers have woken up to the unpalatable truth that wide spreads are here to stay - for the short term at least - a mini-rally in European bond issuance has ensued. Laurence Neville looks at how the corporate bond market is adjusting to its new…
Counting on the counterparty
High-profile banking failures have led to uncertainty over the ability of credit derivatives counterparties to honour their side of the trade. Contingent credit default swaps, or CCDS, are designed to mitigate this risk. But will plans for a central…
Striking a balance
Editor's letter
The market-consistent value of liabilities and the credit crunch
Sponsored Article
Benefit over the long term
Sponsored Round Table
Innovate to accumulate
New German Products
Coping with collapse
The demise of Lehman Brothers spelled potential disaster for the US market. Reverse convertibles have sunk on the back of falling equity markets, fear of structured products is spreading like wildfire in the wake of negative media coverage, and a hoped…
GE and Target in reverse
An annualised income of 16.2% and 16.8% is on offer from JP Morgan-issued reverse convertibles linked to General Electric and Target Corp shares, respectively. Principal is not protected if a 50% barrier is breached