Structured products
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.
Krein moves into the mainstream
David Krein has joined Dow Jones Indexes as senior director, institutional markets, moving from DTB Capital, a financial services firm that he founded in 2006. Krein will be a representative of DJ Indexes to the institutional investment community…
Iosco stiffens code of conduct for rating agencies
The Madrid-based International Organisation of Securities Commissions (Iosco) has issued a report tightening its voluntary code of conduct for rating agencies.
CFTC seeks greater energy market transparency
The US Commodity Futures Trading Commission (CFTC) has launched a series of new initiatives with which it hopes to increase the transparency of the energy futures markets.
Rising costs hinder new power plant builds
Costs of building new power plants in North America have surged dramatically since 2000 and will continue to rise, the IHS CERA Power Capital Costs Index (PCCI) has revealed. According to the index, the costs have escalated by 130% since 2000 and…
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
Gold producer hedging drops to record lows
Gold hedging plunged by another 18% in the first quarter of 2008, shrinking the global delta-adjusted hedge positions to 22 million troy ounces (Moz).
Meteor launches new property and commodity products
Meteor has launched two new products to UK retail investors. One is a property index-linked plan, and the other is a commodity-linked product which offers two risk options. Both have a six-year maturity.
Kensington moves into structured products distribution market
Kensington, the mortgage lenders owned by Investec, has manoeuvred into the structured products arena and will distribute the range of continuously available products recently launched by Investec.
Crude volatility evaporates OTC liquidity in May
Huge moves in the oil price in May has affected liquidity in the over-the-counter crude options markets as commercial traders struggled to take definitive views, say analysts.