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Showing results for Diversey Harbor ABS CDO, Ltd.
...The judge warned lawyers to avoid complex financial vocabulary in the case, which concerns the synthetic CDO Abacus 2007-AC1....
...Putnam served as the collateral manager for the CDOs named Pyxis ABS CDO 2006-1 and Pyxis ABC CDO 2007-1, which were named after the constellation Mariner’s Compass....
...In it, Mr King argued that the problem haunting the financial industry was not the alphabet soup of CDOs, ABS and ABCP that had come to populate the investment books of US broker-dealers....
...Fear that started with problems in subprime and CDOs of ABS rapidly infected many other asset classes. ABCP is a prime example. There are, of course, eerie echoes in the MF Global bankruptcy....
...The phrase “financial innovation” has become a dirty one in many circles, with shadow banks, sub-prime loans and the alphabet soup of CDOs, CLOs and ABS playing a starring role in fomenting the financial...
...And on that basis the CDOs most likely to “infect the rest of the network if they contain failed securities [are] GSC ABS CDO 2006-2 LTD or West Trade Funding CDO I.”...
...While Paulson purchased credit protection from Goldman Sachs on securities issued under the ABACUS ABS CDO program, we were not involved in the marketing of any ABACUS products to any third parties....
...Bank of America lost ground amid reports that Merrill Lynch could be the subject of an SEC investigation into CDOs. As in Europe, the whole of the sector was pushed wider by the Goldman news....
...He says: “I am proud that we survived the crisis and had no blow-ups anywhere, not in ABS [asset-backed securities], CDOs [collateralised debt obligations] or the hedge funds business.”...
...That sent ripples through the CMBS market, especially since only AAA-rated CMBS is eligible for the Federal Reserve’s Talf programme, aimed at supporting ABS issuance....
...The alphabet soup of CDOs, CPDOs, CDS, ABS, ABCDS, ABCP and RMBS that were so popular during the boom years became the poison that infected the entire financial system....
...One week and some “refinements” later, and “class A-2, A-3, and A-AB commercial mortgage pass-through certificates from GS Mortgage Securities Trust 2007-GG10″ are back to triple-A....
...TXU Electricity Ltd”, the court – contra Peck – permitted TXU to withhold performance under Section 2(a)(iii) indefinitely....
...That’s according to ratings agency Fitch, who have just revised their outlook for European structured finance – ABS, CMBS, CDOs and the like....
...Most of the severe unwinds have been taken against the value destruction in ABS CDOs....
...The agreement successfully commutes approximately $12 billion in notional ABS CDO and CRE CDO exposures in exchange for a cash payment and equity consideration....
...It shows the current distribution of ratings on a sample of 469 ABS CDO tranches, all of which were originally rated AAA. Less than 25 per cent have held their ground....
...But CEO John Varley insisted that the bank had been conservative with its writedowns, and stressed that its CDO of ABS portfolio was of better quality than recent vintages....
...Amin Rajan, chief executive of Create Research, a consultancy, calculates that structured products such as CDOs, CLOs, ABS, SIVs, CPBS and capital protection products accounted for 8 per cent of the $15,000bn...
...In a nutshell, the agency thinks that losses on these securities will be higher than previously thought, with ensuing impact within the monolines’ RMBS and ABS CDO portfolios....
...According to S&P, more than $100bn of ABS CDOs have been hedged by banks using credit default swaps bought from the bond insurers. Financial institutions have already taken writedowns on these CDSs....
...Again, that commercial paper of ABS CDO is a super senior exposure....
...CDS on ABS)....
...DK has priced in another SFr7bn of writedowns in 2008, sufficient to bring the remaining CDOs of mezz ABS down to zero....
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