Learning Curve

The loan credit-default swap contract is similar to a corporate credit-default swap contract except for two key differences.

After a lengthy legislation process of more than 13 years and an unprecedented seven rounds of reading at the National People's Congress, the landmark Property Law was passed on March 16.

The growth of the leveraged loan market can be traced back to the mid-1990s when a market-wide effort led by the Loan Syndications and Trading Association facilitated the standardization of loan trading in the U.S.

A buy-write strategy, also known as a covered call, is an investment position formed by the purchase of a stock or a basket of stocks and the simultaneous writing or selling of call options that cover the stock position.

As the structured credit market continues to expand in scope, an emerging trend is repackaging risk into credit-like synthetic collateralized securitization structures.

Property derivatives are currently one of the hot topics among industry participants in Asia.

The second part of this Learning Curve covers quantitative modelling techniques and the assessment of model risk for constant proportion debt obligations.

Constant proportion debt obligations have gained a lot of attention in the structured credit market since their debut last summer.

Exchange-traded funds have experienced explosive growth over the past several years due to their ability to provide investors with liquidity and targeted market exposure packaged in a simple trading vehicle.

One of the features of Russian transformation from the Soviet economy to a modern one was that, after the end of hyper-inflation in 1993, capital markets took a sharp upturn, which was driven by the listings of privatized companies and by an increasing volume of state debt.

A one-touch option, otherwise known as an American digital option, is a binary structure that results in a payout if the underlying asset reaches or surpasses a predetermined barrier during the life of the trade.

In February, the International Swaps and Derivatives Association published a template confirmation for documenting contingent credit-default swaps.