A private network for top global investors in synthetic collateralised debt obligations


Despite the rapid growth of the synthetic CDO market, few investors know each other or have the opportunity to share experiences and learn from their peers.

The Creditflux Institute for Synthetic CDO Investors aims to resolve this by creating a members-only forum at which senior investors gather to share ideas and help shape the future of the market.

As a member, you will have the chance to meet with your peers twice a year to discuss market developments, opportunities and obstacles at a luxury venue away from the noise of the market and without the presence of CDO arrangers.

A secure bulletin board will enable you to keep in contact with other Institute members between meetings, suggest topics for discussion at the next event and canvas views on market issues as they occur.

As well as formal discussion sessions, the meetings will include informal cocktails, lunch, dinner and leisure activities at which you will be able to network and get to know your peers in a relaxed atmosphere.

The Creditflux Institute is a private by invitation only discussion forum. Creditflux will produce a summary of the discussions that take place; these will never be made available in the public domain.

The limited membership is open only to senior individuals with responsibility for investing in synthetic CDOs at their institutions (banks, insurance companies, DPCs, monolines, asset management companies).


For more information contact Tom Davidson +44 (0)20 7253 4807

Key themes


Valuations and liquidity

How consistent are the marks dealers are providing on outstanding products, do dealer bids represent fair value, which types of tranches are most liquid?

Mark-to-market

How do different accounting regimes compare in terms of mark-to-market requirements for synthetics?

Self-managed deals

What impact has the recent market dislocation had on substitution costs? How useful have substitution rights proved to be?

ABS tranches

Is there a future for ABS-referenced deals? How will the decline in the underlying assets affect valuation of senior synthetic tranches

Ratings

How are the rating agencies performing in terms of deal surveillance? How are methodology changes likely to affect the synthetic landscape?

Market outlook

What are the prospects for corporate tranches? What kind of structures will be attractive in the new market environment?

Setting the new agenda

How can the industry respond to negative perceptions of structured credit? What kind of investors are synthetic tranches appropriate for?

Membership package

    • One night accommodation in the meeting hotel*
    • Transfer from airport to meeting venue
    • Breakfast, lunches, dinner, cocktails and refreshments during the events
    • Leisure activites (such as golf, spa)
    • Access to a secure online bulletin board for members only
    • Top level networking with other synthetic CDO investors
    • Input into the agenda for the discussion programme
    • Follow-up notes on the discussion

* Should you wish to stay on for an extra night or two at the hotels, this can be arranged through Creditflux

Next meeting:

Monday 8th - Tuesday 9th September 2008, UK