Hints and tips:
...The judge warned lawyers to avoid complex financial vocabulary in the case, which concerns the synthetic CDO Abacus 2007-AC1....
...A reduction in ABS risk premium requires further moderation of macro and regulatory risks, as credit risk per se is not the limiting constraint....
...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....
...such as US Treasuries....
...Fitch implemented a moratorium on rating CDOs in November 2007 and in 2008 it held discussions with investors, dealers and regulators about evolving Fitch’s approach to analysing risk in the sector....
...ABCP issuers simply weren’t able to find buyers to roll over their maturing notes....
...Since 2007, all but a negligible amount of money fund CP is A1, or Tier 1 paper....
...insurance groups that write guarantees for debt issuers when two leading French banks pledged $1.5bn to support the credit ratings of CIFG....
...Synthetic CDOs are only now about to experience the same kind of dramatic collapse that plagued ABS CDOs way back in late 2007 and early 2008....
...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....
...But that’s just what the bank’s headstrong 38-year-old global chief of ABS/CDO trading did in 2007....
...From 2005-2007, the total universe of ABS CDOs outstanding is comprised of approximately 534 deals....
...Products such as ‘CDO of ABS’ create problems because of complexity, lack of trust and misaligned incentives.”...
...In a pre-clsoe trading update, RBS has set out exactly what it has lurking in its closet and also flung open the doors on ABN Amro’s exposure to subprime-backed ABS and CDOs....
...If you look at the high net worth business, it’s a great business and it continued to grow even in 2007. At the end of 2007, we had 1.75 trillion assets under management....
...CHGF is one of the seven ABS CDO transactions managed by Cairn Financial Products Limited (“Cairn”), and Cairn’s ABS business is part of its wider credit asset management business....
...The proportion of ABS CDOs as a percentage of the total CDO universe is also likely to decline. ……………………………………………………………………………………………………… Could you please share your views on the outlook for the US subprime...
...The clarity of the CDO market is difficult as most asset backed structures contain close to 200 issues....
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