DEPARTMENTS
PLAYERS
John Cox: Master Modeler
Plus: Briefly
SHORTS
The UBS Files: Part II
Plus: A Trade for Millennium Jitters…Elbow Risk…Libor or Lie-bor?…Charity Show: $1 Million and Counting
REGULATORY WATCH
U.S. Exchanges Close Ranks on SwapClear
EUROPEAN NOTES
The Battle of the European Bond Indices
COLUMNS
Rethinking the Credit Function…
Analyzing Structured Power Contracts… CORBA vs. DCOM: Making Sense of Geek-Speak… Correlation: The Hidden Risk in CDOs
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FEATURES
CDOs Under Fire
Chopping up portfolios of bonds, loans and other instruments into different credit tranches has become popular with issuers and investors alike. But what will happen to collateralized debt obligations if credit fears paralyze the financial markets?
By Karen Spinner
Table: Who Uses CDOs?
Preparing for Catastrophe
Can the capital markets save the insurance industry from the next big one? By Robert Hunter |