Managers Struggle To Fill Synthetic Buckets

The advent of the International Swaps and Derivatives Association's pay-as-you-go template for credit-default swaps on asset-backed securities has allowed more portfolio managers to use synthetic ABS, but managers say it is a struggle to fill buckets of CDS on ABS.

  • 10 Feb 2006
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The advent of the International Swaps and Derivatives Association's pay-as-you-go template for credit-default swaps on asset-backed securities has allowed more portfolio managers to use synthetic ABS, but managers say it is a struggle to fill buckets of CDS on ABS. "The names in the index became the only names you are able to source synthetically," said Steven Kolyer, partner and head of the financial products group at Clifford Chance in New York. The challenge is to fill synthetic buckets with different names from those in the index and thereby differentiate each collateralized debt obligation from both the index and structures offered by competitors.

  • 10 Feb 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 10 Jan 2017
1 BNP Paribas 43,328.12 198 6.63%
2 JPMorgan 42,145.56 84 6.45%
3 HSBC 38,419.93 154 5.88%
4 UniCredit 37,616.85 180 5.75%
5 ING 30,163.46 163 4.61%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 10 Jan 2017
1 Emirates NBD PJSC 408.38 1 31.73%
2 SG Corporate & Investment Banking 166.67 1 12.95%
2 JPMorgan 166.67 1 12.95%
2 Credit Agricole CIB 166.67 1 12.95%
5 Morgan Stanley 59.80 1 4.65%