Swiss Re’s $750m solvency trigger coco is much riskier than it seems
The new coco from Swiss Re pays 6.375% annually but the trigger is set in an unusual way. Jan De Spiegeleer, Jan Dhaene and Wim Schoutens look at the risk of investors losing out

Life in plastic: not so fantastic
The future may be bright for companies that process payments electronically – but for now consumers are being too careful with their credit cards

Cracking the coco pricing conundrum
By drawing paralells between cocos and credit derivatives, it is possible to put a rough price on cocos – and a limit on coco issuance

A faster way to crunch CVA
Exposure sampling could provide a quicker, more effective way for banks to calculate their counterparty credit risk

Pricing counterparty risk
In the first of our series of articles exploring technical aspects of the credit markets,
Eduardo Canabarro examines models for pricing credit valuation adjustment, or CVA

Tracking the secondary CDO market
The Creditflux B-wic Tracker shows secondary CDO volumes staying strong and throws up some surprises amongst the managers most often mentioned Mike Peterson

The precision engineers
Since its redesign, LBBW’s sophisticated Impactor strategy has delivered the smooth and steady performance you’d expect from high quality German engineering.