Credit risk
Managing credit risk - Escaping credit risk
Managing credit risk is now one of the most pressing issues in energy trading. Britta Berlinghof, senior credit officer at Nuon, looks at implications of the 2008 crisis, and suggests some best practices in managing credit risk
Give us credit
Credit is widely seen as the biggest challenge facing energy risk managers in 2009, with many believing a radical overhaul of existing risk practices is due. Pauline McCallion investigates
CDS: US banks tighten while European banks remain stable
Credit default swap 5-year mid-levels for structured products issuers (Wednesday February 4)
European CDS regulation 'inevitable' - EC official
Daily news headlines
CDS: Citi continues to widen
Credit default swap 5-year mid-levels for structured products issuers (Tuesday February 3)
Clearing CDS for lift-off
A new single-name North American credit default swap (CDS) contract, due to be launched next month, is expected to bring greater standardisation to the market and pave the way for central clearing.
European CDS regulation 'inevitable' - EC official
The European Commission (EC) is moving ahead with plans to enforce central clearing of credit default swaps (CDSs), despite a plea by the International Swaps and Derivatives Association (Isda) to resume dialogue on the issue.
JP Morgan CDS pricing model to be made available via Isda
JP Morgan's credit default swap (CDS) Analytical Engine will be released as open source code soon via the International Swaps and Derivatives Association (Isda). Isda believes the model - which is used to price CDS contracts - will increase transparency…
Primus takes hit in Q4
Primus Guaranty, the Bermuda-based parent company of the first standalone credit derivatives product company, saw a net loss of $918.5 million in the fourth quarter of 2008. This result compares with a net loss of $403.9 million in the corresponding…
CDS: BoA, Barclays and Citi widen
Credit default swap 5-year mid-levels for structured products issuers (Monday February 2)
Auction sets settlement values for LyondellBasell companies
An auction run by data vendor Markit and broker Creditex determined final settlement values for credit derivatives trades referencing three US-based subsidiaries of Netherlands-based chemical company LyondellBasell, today.
CDS: Levels drift a little wider at last week's close
Credit default swap 5-year mid-levels for structured products issuers (Friday January 30)
Unblocking the euro pipeline
Last month brought a huge EUR48.4 billion of new corporate bonds, more than half the total amount of supply one investment bank predicted for the whole year in the euro market. Matthew Attwood looks at the drivers of the trend, and finds that in one…
Legal Spotlight
The ECB has set minimum standards that ABS must meet if issuers are to use the securities as repo-eligible funding. Angus Duncan assesses the impact of these new rules on existing ABS
Credit ratings newcomer hires ex-S&P president
Credit rating agency Rapid Ratings adds Kathleen Corbet to its board in a push to increase awareness of its rating system which measures financial health rather than creditworthiness
Insurance debt: Don't take a tumble
Holders of bonds from the insurance sector should prepare themselves for a rough ride in 2009. Lingering concerns over the exposure of certain names to toxic structured credit assets and the difficulty of raising more debt in the current environment are…