Primus unwinds $300 million of CSOs

Friday, February 12, 2010

Credit derivative products company Primus Financial has offloaded another chunk of its portfolio of bespoke CSO tranches

Comment by: Anonymous. Posted 14 years ago [2010-02-16 22:52:26]

I imagine "good" if the mark to market on the swaps is a lot greater than $35MM; possibly the same way that AMBAC shareholders feel when AMBAC rips up some of its swaps with its counterparties

Comment by: Anonymous. Posted 14 years ago [2010-02-16 00:26:59]

...and how do the shareholders feel about all this cash going out the door?

CLOs

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