English to Latvian Other Finance (general) fondi

Credit derivatives technology has transformed the dynamics of the collateralised debt obligation (CDO) market and synthetic CDOs now outstrip cash deals. There are no standard definitions for the key super senior tranches of synthetic deals, however, and underlying default swap terms have to be closely examined. Janet Tavakoli, president of Tavakoli Structured Finance, highlights the opportunities – and pitfalls – for investors.