"A CDS linked to mortgages is a developing area in the market. It allows us to not only buy new issues, cash assets tend to be new issue, and CDS, but it also gives us the flexibility to select vintage transactions, which might not be available in the cash market."--Sheldon Sussman, global head of structuring and portfolio management, global financial markets at Rabobank, discussing the firm's hybrid CDO that is pricing this week.
"A CDS linked to mortgages is a developing area in the market. It allows us to not only buy new issues, cash assets tend to be new issue, and CDS, but it also gives us the flexibility to select vintage transactions, which might not be available in the cas
