Retail Equity Default Notes

Discussion in 'Trading' started by ssternlight, Jun 16, 2006.

  1. rosy


    looks like they are trying to dump off the equity tranche of a cds book
  2. Market gets more like a casino every day, now don't it.

    How to get fair value on something like this, must be complicated as hell.
  3. Sometimes I think they should name these, We Sell You Toilet Paper For Good Money Notes.
  4. rickf


    I was very sceptical of those PP-notes when my UBS guy passed their marketing stuff to me as an FYI from their then-current offerings. Sooooo glad I passed on them for the reasons cited in the article and my own assessment of their setup versus the market action at the time back then.