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Scott Ulm, head of European debt capital markets at Credit Suisse First Boston in London, quit his position earlier today. Ulm, who joined CSFB in 1986, has held several major roles including, head of credit structuring in Europe, co-head of U.S. debt capital markets and head of asset-backed securities, according to CSFB watchers. Ulm did not return calls and CSFB officials declined comment.

Owens Corning was softer again this week as the company began litigation in the confirmation of its plan of reorganization on Tuesday. The bank debt was a few points weaker at 64-67, according to traders. No trades could be confirmed. "Owens Corning has been on again and off again and now it's off again," said one buysider, noting that the market for the company's bank debt has been volatile throughout the bankruptcy process. According to company filings, disagreements raised by creditors concerning the plan will be addressed by the litigation as a part of the confirmation process. Calls to counsel representing Owens Corning were referred to a spokesman, who did not return calls by press time.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

Crédit Agricole Indosuez is structuring a USD660 million synthetic collateralized debt obligation referenced to AAA rated asset-backed securities. The deal, dubbed ABSolute, is expected to be launched in the coming weeks, according to officials familiar with the deal. Structurers at CAI declined comment.