- Language: English
- 336 Pages
- Published: January 2013
- Region: Global
Criteria | Structured Finance | CDOs: CDO Spotlight: ISDA's CDS Of ABS Templates Scrutinized Dec 05
- Published: December 2005
- Standard & Poors
ISDA, the International Swaps and Derivatives Association, is currently revising the two CDS of ABS documentation templates originally released in June 2005. These revisions should further improve the efficiency of the nascent market for this new breed of CDSs, providing a several billion dollar fillip according to some estimates. The updated templates could be released as early as February 2006. A new addition to the first template is under development, which will permit an alternative total return swap valuation approach. The second template is undergoing revisions to accommodate changes in the market since the templates were originally released. In addition to the two templates published in June, ISDA is working to release a third template, referred to in the market...
Companies mentioned in this report are:
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues. SHOW LESS READ MORE >