UBS structures second Alpine risk capacity ‘enhancer’

- Risk Staff
- 07 May 2003

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The deal draws on UBS’s experience in developing Alpine I, conceived by the bank in mid-1999. That 10-year amortised transaction, which closed in December 2000, also took a portfolio of the bank’s investment-grade credit counterparty risk from its derivatives trading book. This was structured into different risk/reward tranches that were sold to investors. That issue transferred $750 million of counterparty exposures from UBS’s foreign exchange and interest rate derivatives contracts.

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