Learning Curve

Synthetic collateralized mortgage-backed securities are tools for harnessing and exploiting commercial mortgage and real-estate expertise.

With the extraordinary growth of the rated credit derivatives market, credit derivative product companies have stepped in to fill a need for highly rated counterparties that sell credit protection.

Two years ago, China published its first derivative regulations.

Leveraged loan credit-default swaps have attracted significant investor interest for a number of reasons.

Buy-write strategies, in which an investor buys a stock or a basket of stocks, and sells call options that correspond to the stock or basket of stocks, are becoming increasingly popular.

Over-the-counter credit derivatives regulation in the U.S. is effected through:

The number of credit derivative product companies is expected to increase significantly over the next year.

Asia Pacific corporates are growing internationally and also in terms of sophistication.

The use of derivative securities for hedging and alpha-enhancement is widespread in investment markets globally.

The U.K. Takeover Panel has issued its response statement on the consultation paper on Control Issues RS 2005/3, along with three other response papers.

In last week's Learning Curve, we showed how measures derived from historic spot could be used via regression to produce a fair-value measure for the one-month volatility.

A fair-value measure of implied volatility would be an invaluable tool in the fx options market.