Items Tagged with 'Credit default swap'

ARTICLES

  • Markit purchases risk analytics firm

    Financial information data provider Markit, acquired QulC Financial Technologies, a Canadian risk analytics firm. QulC tests market and credit risk tolerance in financial portfolios for clients and can simulate risk at the enterprise level. Markit maintains several leading indices, notably those that track asset-backed securities. Markit, for example, powers a Fannie Mae coupon stack aggregate. QulC’s 105 employees will join the Markit payrolls.
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  • The Statistic Behind a Mortgage Meltdown

    Whether you know it or not, you’re looking at a formula that set Wall Street – and global investors, too – up for one of the single largest financial asset bubbles and crashes in world history. But it’s not quite the villain that some have painted it to be, as we’ll see.
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  • A Condo with a View...of the US Real Estate Collapse

    Sure it would make for a long hike up 60+ stories if the elevator were out of service, but the view makes up for it. Nestled in a luxury condominium atop one of New York's most famous -- perhaps infamous -- pieces of commercial real estate, any buyer could easily forget that inconvenience. And all for a minimum $1,000 per square foot.
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  • Credit Default Swap Market Needs Central Clearinghouse: Fitch

    Corporate single-name and index credit default swaps (CDS) remained resilient in '08 and so far in '09, despite credit events, according to a credit policy special report released Thursday by Fitch Ratings. Initiatives to standardize the CDx market aim to make it even less susceptible to credit market events. One such initiative, the clearing of single-name contracts and indices through a central counter party, is a necessary first step in reducing overall concentrated risk, Fitch said.
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  • Lehman Case Will Affect CDO Ratings, Says Fitch

    The outcome of a pair of lawsuits playing out in US and UK courtrooms could have a ratings affect on structured finance transaction that have material derivative exposure to US-based counterparties, Fitch Ratings said. The two related cases involve bankrupt Lehman Brothers and a dispute over subordinate swap termination payments to the rated noteholders of synthetic collateralized debt obligations (CDO).
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  • Lehman Case Could Impact Global CDO Payouts

    Last September, Lehman Brothers filed the biggest bankruptcy case in US history. Now, an upcoming decision by a US bankruptcy judge could set a precedent for how entities are paid when one of the parties in a collateralized debt obligation (CDO) becomes insolvent. The case pits Lehman against Bank of New York Mellon [stock BK][/stock] UK subsidiary BNY Corporate Trustee Services, acting on behalf of Australian asset manager Perpetual Investments, who entered into a credit default swap with Lehman.
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  • Viewpoint: At Amherst, a Simple Game

    Perhaps the best story this week (outside of the coverage you'll see here at HW, of course) involves a mortgage-related trading strategy pulled off successfully by Austin-based Amherst Securities Group LP, a fixed-income specialist focusing on mortgage-related investments.
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  • Fed's Tarullo: Stunted Growth Without Regulation

    Despite the green shoots spotted across the economy -- recently by US Treasury secretary Tim Geithner -- a long road remains before recovery, and the only thing powerful enough to sustain growth just might be tighter government regulation. That is, according to one Federal Reserve Board member, Daniel Tarullo. In a speech given earlier today, he says he sees economic growth resuming later this year, despite "painfully slow" recovery to follow.
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  • Regulators, Industry Weigh OTC Overhaul

    As the Obama administration plans to propose a comprehensive financial regulation overhaul as early as June 17, according to a report filed at Thomson Reuters, secondary market players are stepping forward with their own proposals.
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