Credit - 2006-11-01

The LDI makeover

For all the hype surrounding liability-driven investing, few UK pension funds have actually taken the plunge and implemented the technique. The London Pension Fund Authority is one notable exception. Nick Sawyer reports

Take your Pik and take your chances

The issuance of payment-in-kind, or Pik, notes has grown in popularity as a means for private equity firms to fund LBOs. But investors must be aware of the unusual risks associated with this form of financing. Jean-Paul Carbonnier reports

The great CDS debate which corner are you in?

Credit default swaps have become the instrument of choice for scores of credit investors - both for risk management and as another way to get exposure to credit. Yet there still remains a hardcore of sophisticated clients who continue to avoid CDS out of…

Winner:NXP

In our monthly look at the credit market's most innovative deals, we focus on NXP's mammoth high-yield issue, the Alcentra CLO and Bouygues' 20-year bond

Frédéric Desclaux

The co-head of fixed income and derivatives at Société Générale is swapping his suit for his sou'wester as part of his latest project: sailing across the Atlantic. He talks to Nikki Marmery about his

New dawn for India's securitisation market

India's structured finance business ground to a halt earlier this year after the introduction of the country's first securitisation guidelines. But with the changes now digested, new issuers are coming to market, says Sarfraz Thind

Back to Basics

We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask ... In the first of a two-part special, Saul Doctor, credit derivatives analyst at JPMorgan in London, looks at the fundamentals of credit…

HYBRIDS: BACK ON TRACK

The hybrid securities market has recovered from the twin setbacks of excessive volatility in the European market in the spring and a negative regulatory ruling in the US. But what have investors learnt from these hiccups? Laurence Neville reports

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: