<t>Perhaps a little off the current discussion, but it would be possible to see a dealer with a book priced below par, who would structure a CDO, buying in effect protection from the senior and mezz notes at par levels, and keeping the theoretical (nonexistent) equity. It's not exactly a sophisticat...

HW10 <Index> is the global HY INdex BB. For the European equivalent try HE10

Thanks for the thread. defaultrisk is a great source, but I had missed this one completely

Thanks a lot. Will try to retrieve it. M.

Hi, I am having trouble finding a copy of "Infectious Defaults", by David & Lo. I was wondering if anybody could suggest a link where it may be posted. Thanks a lot.