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Showing results for Octans II CDO Ltd.
...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....
...As CDOs, the majority of the securities in Maiden Lane III are packages of bonds rather than the underlying bonds themselves, unlike the Maiden Lane II portfolio....
...- And there was something about the iShares DAX ETF… - Swedish Chef made a guest appearance in a SocGen CDO post....
...Efforts to sell Maiden Lane III assets come after the New York Fed sold the remaining assets in Maiden Lane II, another portfolio of mortgage debt that it acquired through AIG’s rescue, earlier this year...
...Then the great 2007-2008 credit market implosion (CDOs, CDOs of CDOs, all that jazz) happened....
...Shares of RBS are down at pixel time: Related links: A brilliant cut (Bob) Diamond - FT Alphaville RBS and its CDO … or APS … hit – FT Alphaville HMT’s very own synthetic CDO - FT Alphaville...
...The European Financial Stability Facility (EFSF), as we’ve written at length, largely resembles a giant CDO....
...MAV I and II contain mostly leveraged synthetic CDO assets, while the MAV III notes are supported by non-levered, non-synthetic financial assets. (A fuller breakdown available here)....
...In the aftermath of the financial crisis, both derivative products and collateralized debt obligations (CDOs) were often cited among the usual suspects said to have contributed to the systemic risk that...
...’s Knollwood CDO Ltd. and Kent Funding II, managed by Declaration in McLean, Virginia, Wachovia analysts wrote yesterday....
...Not only do the potential changes have implications for banks, which may find $235bn worth of AAA-rated CMBS suddenly downgraded, it also has implications for CDOs, and the Federal Reserve’s Talf programme...
...But something slightly more interesting is happening with a CDO called Palladium II....
...It guaranteed around $47 billion of CDOs and home-equity debt....
...Andrea Cicione at BNP Paribas explains: Under the Basel II framework, capital requirements for structured finance assets increase almost exponentially when the rating falls below BBB-....
...(Among them, West Trade Funding II, Silver Marlin CDO I, and Jupiter High-Grade CDO VI). The gist of the matter is that SCA is refusing to honour those contracts....
...But under Basel II, the extra capital needed for riskier tranches is considerable. Yves Smith at Naked Capitalism has a good take here....
...Under this scenario (50% writedowns on HG ABS CDOs and 100% on mezz ABS CDOs), UBS would end up with a substantial SFr22bn writedown. The group’s Tier 1 ratio would drop to 5.8% (Basel II)....
...Consider that Paulson & Co.’s four “Credit Opportunities” funds (the largest, for offshore clients, is Paulson Credit Opportunities Ltd.; the others are Paulson Credit Opportunities II Ltd., Paulson Credit...
...majority of the portfolio of each of these market-value structures is invested in US mortgage securities”.To begin with, S&P downgraded the senior paper and the longer-term junior notes issued by Mainsail II...
...It emerged Thursday evening that one of the first such vehicles to hit the buffers, Mainsail II, run by London-based Solent Capital, could be close to a deal....
...As things currently stand Moody’s does not rate any Russian CDOs (collateralised debt obligations) at all....
...The €552m Harvest CLO II, which closed late last week, paid less than 25 basis points over Euribor on its AAA-rated tranche – a record low for the asset class....
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