ABN Amro’s constant proportion dynamic obligation deal was somewhat fittingly called Surf as it created a wave of curiosity, controversy and copycat transactions. Dealer and investor interest was ...

The steady erosion of credit spreads towards historical lows in the middle of 2006 did not prompt bank structuring departments to fold their tents. Margins in structured credit are among the highest ...

LONDON (Reuters) - Moody's Investors Service said it was disciplining employees for considering inappropriate issues in approving triple-A ratings for complicated debt products called constant ...

LONDON, Sept 20 (Reuters) - Thursday was a bad day for investors holding an estimated $4 billion to $5 billion worth of constant proportion debt obligations (CPDOs), a controversial credit product ...

YOU CAN'T READ THE FINANCIAL MEDIA these days without tripping over things such as CDOs, CLOs, CPDOs, SIVs and ABCP. A glossary should be required to accompany these acronyms -- collateralized debt ...