Skip to main content

Minibond blow-ups place scrutiny on derivatives dealers

Lehman Brothers minibond issues more secure than those of some other dealers

asiarisk-oct08-01-gif

Derivatives dealers are likely to face further scrutiny when offering derivatives products to retail investors in Hong Kong and Singapore following the blow-up of several 'minibond' products - essentially first-to-default credit-linked notes (CLNs) backed by collateral comprising synthetic collateralised debt obligations (CDO) - after the collapse of Lehman Brothers in September.

But a number of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Want to know what’s included in our free membership? Click here

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here