Missed coupon payment brings first default test for North American LCDX
Movie Gallery’s missed coupon payment last month brings the first test of a default by a component of the North American loan index LCDX

SIVs turn to repo as CP market stays closed
SIVs turn to repo as CP market stays closed

CMBX set to roll into worse vintage
CMBX set to roll into worse vintage

CDO issuance plummets
CDO issuance plummets

Deerfield team quits to set up derivative products company
The entire investment grade credit team working on Deerfield Capital Management’s

Auction-reset shut-down could stall new DPCs
Auction-reset shut-down could stall new DPCs

Dealers face losses on super senior overhang
Dealers are likely to face mark-to-market losses running into hundreds of billions of dollars unless spreads on super senior snap tighter, according to Creditflux synthetic CDO data

Lehman claims CDX top spot
Lehman claims CDX top spot

CP vehicle hold-outs threaten to unravel conduit agreement
Sources close to the Canadian conduit market indicate that the plan to bail out the country’s CP vehicles could yet unravel

CDO volume slump hits staffing levels
CDO volume slump hits staffing levels

CDS veteran launches new credit fund
CDS veteran launches new credit fund

Troubled synthetic investor may sue counterparty
Troubled synthetic investor may sue counterparty

Hedge funds look to draw a line under structured credit problems
Hedge funds look to draw a line under structured credit problems

SIVs seek to fend off a slow death
SIVs seek to fend off a slow death

High flying CDPCs reap benefit of not having to post collateral
High flying CDPCs reap benefit of not having to post collateral

Popular trading strategies play tug-of-war on indices
Popular trading strategies play tug-of-war on indices

CDO equity investors take CP hit
CDOs that involve commercial paper funding have joined the casualties hit by the asset-backed CP market’s vanishing act

Codefarm unveils CDO manager service
Codefarm unveils CDO manager service

ACA switches valuation method as share price tumbles
ACA switches valuation method as share price tumbles

Credit opps funds suffer falls
Credit opps funds suffer falls

Cairn launches short credit play
Cairn launches short credit play

Macro funds maul loan indices
Dealers have been hit hard by massive macro short selling on the still infant leveraged loan credit derivative indices, it has emerged

Dealers eye ACA counterparty risk
The dramatic fall in ACA Capital’s shares in recent weeks has prompted anxiety among some dealers about the terms of their credit default swaps

Singapore lures managers with major CDO fund commitment
Singapore lures managers with major CDO fund commitment

Basis Capital overhang pushes down CDO valuations
Basis Capital overhang pushes down CDO valuations