CDPCs growing rapidly, says Fitch

Credit derivatives product companies (CDPCs) are emerging as important participants in the burgeoning credit derivatives market, according to a new report by Fitch Ratings.

The market for CDPCs is growing rapidly and displays characteristics similar to traditional derivatives product companies, structured investment vehicles, managed synthetic collateralised debt obligations (CDOs) and CDO-squared structures, according to Fitch. CDPCs are limited-purpose operating companies that provide credit