Credit risk
JP Morgan uses T-Zero for prime brokered CDS
New York-based technology firm T-Zero has announced its prime brokerage electronic affirmation utility has been used by a JP Morgan client for the first time.
Tradition plans high-yield CDS offering
Tradition, the London-based interdealer broker, plans to offer European high-yield and crossover credit default swaps (CDSs) by the end of the year.
Why illiquid instruments need no longer leave investors high and dry
illiquid instruments
Merrills sets sail for ever-expanding horizons
prime broking
Credit derivatives: the next generation
Now that credit default swaps and other credit derivatives are moving into the mainstream of financial trading, a new range of products and structures are being developed using synthetic techniques. Calyon's Loic Fery and Ally Chow review some of these…
Cash-CDS basis
Market graphic
Leveraged loan CDS
Looking beyond the hype
Overcoming the barriers to a CDS futures market
The long-awaited CDS futures contract from Eurex has suffered repeated setbacks. Initially planned for launch last year, it is yet to make an appearance. Sell-side inertia, documentation disputes and a booming OTC market are some of the obstacles it…
Playing a long game
Longevity
The complex life
Reference Data
Efficiency and control in collateral management
Business Control Solutions
Collateral thinking
Allustra
Basel II challenges - managing credit risk exposures
Infosys Technologies Limited
Modelling and estimating dependent loss given default
Martin Hillebrand proposes a portfolio credit risk model with dependent loss given default (LGD), offering a reasonable economic interpretation that is easily applicable to real data. He builds a precise mathematical framework, and stresses some…
Setting a template
China
Collateral damage
European CLO Market