Monday, October 20, 2008
Very first CPDO unwinds

I have talked about CPDOs in the past

http://www.noelwatson.com/blog/SearchView.aspx?q=CPDO

last week the very first CPDO unwound

http://ftalphaville.ft.com/blog/2008/10/17/17193/requiem-for-the-cpdo/

Note details here

http://www.financialregulator.ie/data/in_mark_prosp/4712%20FinalProspectusChess%20II.pdf

http://www.financialregulator.ie/data/in_mark_prosp/4712%20FinalProspectusChess%20II.pdf

Looks like 200ps over risk free was too good to be true. Ironically, if it were launched today when spreads are much wider, they would have less chance of blowing up

Monday, October 20, 2008 2:47:24 PM (GMT Standard Time, UTC+00:00)  #    Comments [0]  |  Trackback

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