Quantcast

New applications for synthetics: Lehman pulls off ratings credit deal

Via a structuring team at Lehman Brothers, Provident Bank recently closed what is believed to be the first-ever synthetic risk transfer specifically designed to score rating agency capital credit.

This groundbreaking deal, called Sherpas Ltd., essentially uses synthetic technology as a tool to manipulate and influence the fundamental corporate...

To continue reading, log in, register or subscribe below.Calendars are available to registered users of The Bond Buyer web site.
Please log in below with the credentials you established at the time of your subscription or when you set up a free trial. If you have never set up an account with The Bond Buyer, please click the "Free trial" link below to set up your account.

Already a subscriber? Log in here.

Please note you must now log in with your email address and password.

 

Upcoming Events

Already a subscriber? Log in here
Please note you must now log in with your email address and password.