I am currently in one of the 3 teams you have offers from. If you need any inside, just pm meThx

So what have u decided?

see your pm

Crash Please Check your pm

Ask Adr G who I believe work on thatOtherwise, I'm still at work ...................

QuoteOriginally posted by: DCFCValderama is right about the Chinese ration and of course there is a large French contingent which is less apparent, but I'm told more of an issue.Why is the French contingent more of an issue ??

<t>QuoteOriginally posted by: playerthanks.......What I meant to say was that I was selling protection on the equity tranche and delta hedging it by buying protection on the CDS..Is the first part still correct??Sorry your total MtM is = MtM (Delta-Hedge Portfolio) + MtM (Equity Tranche) knowing tha...

<t>I assume that when you say "I go long the equity tranche of a CDO" you mean long PROTECTION and short RISK" (if this is the contrary just take the opposite of everything I will say !)QuoteHeres my next basic questionSay I go long the equity tranche of a CDO and I delta hedge this with the CDS’s o...

<r>No, Correlation IS hedgeable : either by trading other bespoke tranches (but not liquid enough) or by trading index tranches. Indeed, above all if the desk uses base Correlation framework to price Bespoke tranches, then they will probably try to offset their correlation postion by trading certain...

<t>By Market Premium we usually mean the Spread of the Tranche.The Price is a proxy for the MtM (Mark to Market) of the Tranche : In theory, the "Market Spread" is the spread paid such that the MtM value of the Tranche is 0. But when parameters move (Spreads of the underlying CDS, Correlation, ...) ...

Anyone please ? Any Idea ?

Anyone please ? Any Idea ?

<t>Basically, shifting all credit spreads wider has the impact of decreasing the equity tranche Deltas for each individual credit, but increasing the senior tranche Deltas for each individual credit. This is because shifting all credit spreads wider simultaneously has the impact of decreasing the pr...

<t>Hi,For someone with two masters from top-tier schools (one from a French Grande Ecole, and one from a top American Math Finance Program) plus almost one year experience in Exotic Credit Trading ,acquired while studying, in a very good shop in NY, what would be the average fixed salary (and bonus)...

What is your background ? Is the position a first entry level ?