Credit derivatives platforms turn to structured products

Electronic trading

Structured credit is no longer a game for just banks. Sunil Hirani and John McEvoy of New York’s credit derivatives broker Creditex, say that since August 2000 they have done more than 24 structured deals, involving 25 to 150 credits each. The biggest deal so far has been $1 billion, and they say deal pace has been quickening in the past few months.

McEvoy and Hirani founded Creditex in April 1999 to capture a share of the booming credit default swaps market – estimated by Risk at $929 billion

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

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