Isda to announce auction dates for Landsbanki and Glitnir
Having declared the recent intervention of Landsbanki Íslands and Glintir Bank as credit events, Isda announced today that it will launch protocols to facilitate their settlement. The protocols will be open to ISDA members and non-members alike. A “receivership committee” was established on 7 October for both credit events, but the dates of the auctions have yet to be released.
November 2008
News: CDS players smell rat after Rentokil private issue; Discount rules halt CLO trading; Morgan Stanley sells CDPC to Magnetar
People: Banks downsize credit prop operations; BNP Paribas reorganises trading; Fast moves
Deals: Investors sniff potential for further triple A CLO widening; Australian investors hope for windfall pay-out
Funds: Big name partners attract funds for structured opportunities strategy; Lehman collapse and loan falls dent returns
Analysis: Lifting the lid on CDO performance; Structured credit outperforms
Profiles: Viewpoint - Jonathan Trutter; Stanfield
Comment: Fishknife, Wolseley
The online version of our printed newsletter, available exclusively to Creditflux subscribers [more...]