... Barclays to separate the business of origination from the business of managing the balance‐sheet. This achievement has far‐reaching consequences for the world of asset and liability management which the authors outline and discuss. © Company 2001 Credit Risk Liquidity Derivatives Retail...

...Paul Van der Maas The purpose of this article, which is based on a recent presentation by Paul Van der Maas, is to give the reader a brief overview of common credit derivatives, the size and scope of their markets and their role in structured credit products. The case study uses as a reference...

... that an estimate, perhaps derived from a valuation model, would be used instead of an observed market price or quote. A similar treatment would be adopted for financial liabilities, except that they would be carried at their observed or estimated market offer price. © Company 2001 Accounting standards...

... to illustrate the impact of the modeling assumptions and selecting input parameters for the models. We point out the importance for anybody involved in derivatives business to be aware of such issues and encourage them to obtain at least a superficial understanding of the quantitative aspects of option pricing...

...Robert Bittlestone Takes a humorous view, using Sherlock Holmes and Dr Watson, in setting up a hypothetical case of derivative investigation by the two sleuths. Asks a few questions along the way and uses a figure to add emphasis to “the entangled equilibrium of principal and interest”. Cryptic...

...Sanjeev Gupta Chronicles the International Swaps and Dealers Association’s (ISDA’s) compliance with the new credit derivative definitions. Adumbrates that the objectives are: to promote more transparency and liquidity in the market; provide objective assessment; and offers a range of choice...

...Margarita Michail Describes credit derivatives (CDs) and the beginning and meaning of this market with strengths and weaknesses. Wonders who should care most about CDs and gives the following examples: insurance companies; corporations; investors; and banks, giving full details of all, and stresses...

...Joseph Mariathasan Explains that derivatives sellers see insurance companies, because of their representation of some of the biggest financial groups, as a prime target worldwide. Goes on to show the part played by insurance companies using derivates. States that there are only 3 areas where...

...David Damant Posits that the entire financial future of the world, owing to financial instruments, will change – to the benefit of society. States that the arrival of derivatives poses three dangers: systemic risk; lack of control of the use of derivatives; and the risk of capital market mis...