Hints and tips:
...“It was a very unusual start for a new brand,” says Julie Gilhart, CDO of brand incubator Tomorrow Ltd and former fashion director at Barneys New York, the first store to stock them....
...When I first visited in 2010, I encountered an evangelism with echoes of the CDO sphere, despite the recent global financial crisis....
...There is no secondary securitisation, so no collateralised debt or loan obligations (CDOs and CLOs). China’s residential market is clearly very soft, but I believe a housing crisis is very unlikely....
...This last deal has a fascinating echo – UBN used to be known as Barclays Bank CDO and has now grown into a regional bank with $6.3bn of assets....
...“I can still remember CDO structurers could basically name their price. Likewise, some lucky bankers this year will be riding the recent IPO wave we’ve seen.”...
...The judge warned lawyers to avoid complex financial vocabulary in the case, which concerns the synthetic CDO Abacus 2007-AC1....
...Aluminium is in this way being transformed into a new type of CDO....
...I cannot think of any other market with more stringent entry barriers....
...I do not accept that Oberon’s officers should have read the fine print....
...Again, if I take the example of the cracking of CDO, you to try to think yourself a question, the cracking of CDOs have several impacts....
...Credit Suisse’s former head of CDO trading has been arrested in the UK....
...“You can’t just execute, you have to say I’m a buyer here and a seller there....
...(Wall Street Journal) - What the BoE needs: I would give the palm to Mark Carney, says Samuel Brittan....
...Rated that way by the same people who turned the nuclear waste of subprime CDO squareds, composed 100% of the worst sort of BBB junk, into gold....
...Lesson learnt is a major theme and I think if we had communicated better across groups, the rating decisions would have been different.”...
...It’s like a CDO. Or a CDO squared. France might lose its triple-A rating, taking the EFSF’s triple-A with. It bought its own bonds. It didn’t buy its own bonds. Give it up already!! Thanks....
...Or as King put it: What we think is driving this is an increased risk aversion by the sec[urities] lenders [i.e. custodian banks], and indeed by their own clients....
...- Partly-guaranteed (effectively a mezzanine tranche in the CDO of guarantees, loans and bond purchases backing any new issue), or debt backed by a lower over-collateralisation amount (i.e. less than 165%...
...Interesting spot from Credit Suisse’s fixed income analysts on the matter of the EFSF buying bonds (i.e. the ECB’s exit strategy, if it plans to stop the SMP)....
...Just as it didn’t wash that CEOs and boards didn’t know what was going on with CDSs and CDOs pre-Lehman....
...… I would then move on to analyse the strength of any outside support and in particular the EFSF as a guarantor....
...But it is increasingly clear that due to accumulated current account deficits, increasing amounts of assets are “ευρώ” [i.e. Greek euro assets]. This creates a bezzle....
...Some critics have likened it to a collateralised debt obligation, or CDO, the repackaged mortgage debt at the heart of the subprime crisis....
...There were only $2,000bn CDOs outstanding at the peak. “It’s thinking about your exposure in a new way. ‘It now clearly exceeds my risk tolerance’,” says Mr King....
...the IMF is discussed as a possible participant, it appears highly unlikely that they could enter into this arrangement themselves given the relative subordination of all SPIV claims (which is a form of CDO...
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