Blog

February 2012

Conversation with Brian Naini, Chief Risk Officer, Channel Capital Advisors

Read More
February 29, 2012

Channel Capital Advisors LLP (CCA) is a UK based investment manager focusing on credit risk and structured finance transactions.  CCA was established in 2006 by its founders and a consortium of European commercial banks. In 2007, CCA launched Channel Capital PLC (CC PLC), an Irish based operating company.  Read More

Read More

January 2011

Hedging Implications of CDS with Points Upfront

Read More
January 20, 2011

It has been reported in several industry publications (e.g., CreditFlux, Reuters, Derivatives Week Online) that the CDS market is likely to switch to a fixed coupon basis with upfront points. This change will lead to some fundamental changes in the risk profiles of these contracts, and in particular will affect how they can be used in hedging spread and default risk. This Learning Curve article will explore some of the most basic changes that participants in the credit markets will need to keep in mind. Read More

Read More