Scribd Logo
Carica

Benvenuto in Scribd!

  • 38.) Bruce Jin Is Warned That ACA Capital Will Default Its Credit Insurance of ACABS 2007-1 CDO

    Caricato da

    Failure of Royal Bank of Scotland (RBS) Risk Management
    92 visualizzazioni1 pagina
    RBS DID NOT PRODUCE THIS DOCUMENT, DESPITE PRE-TRIAL LEGAL DISCOVERY REQUEST. Bruce Jin is warned that ACA Capital will renege on its credit insurance of the ACABS 2007-1 CDO super-senior tranche. RBS holds $1.5 billion, marked near 100:00, without loss reserve, despite credit downgrade for imminent principal default.

    Titolo originale

    38.) Bruce Jin is Warned That ACA Capital Will Default Its Credit Insurance of ACABS 2007-1 CDO

    Copyright

    © Public Domain

    Hai trovato utile questo documento?

    Questo contenuto è inappropriato?

    Segnala questo documento
    RBS DID NOT PRODUCE THIS DOCUMENT, DESPITE PRE-TRIAL LEGAL DISCOVERY REQUEST. Bruce Jin is warned that ACA Capital will renege on its credit insurance of the ACABS 2007-1 CDO super-senior tranche. RBS holds $1.5 billion, marked near 100:00, without loss reserve, despite credit downgrade for imminent principal default.

    Copyright:

    Public Domain
    Segnala contenuti inappropriati
    92 visualizzazioni1 pagina

    38.) Bruce Jin Is Warned That ACA Capital Will Default Its Credit Insurance of ACABS 2007-1 CDO

    Caricato da

    Failure of Royal Bank of Scotland (RBS) Risk Management
    RBS DID NOT PRODUCE THIS DOCUMENT, DESPITE PRE-TRIAL LEGAL DISCOVERY REQUEST. Bruce Jin is warned that ACA Capital will renege on its credit insurance of the ACABS 2007-1 CDO super-senior tranche. RBS holds $1.5 billion, marked near 100:00, without loss reserve, despite credit downgrade for imminent principal default.

    Copyright:

    Public Domain
    Segnala contenuti inappropriati
    di 1

    RBS DID NOT PRODUCE THIS DOCUMENT, DESPITE PRE-TRIAL LEGAL DISCOVERY REQUEST.

    ________________________________________________________________________

    From: victor hong


    To: bruce.jin@rbsgc.com
    Sent: Monday, November 19, 2007 6:42 PM
    Subject: ACA proposal

    Nov. 19 (Bloomberg) -- ACA Capital Holdings Inc. is seeking to restructure its credit-swap agreements on concern it won't be
    able to post collateral required if Standard & Poor's cuts its credit rating.
    S&P is reviewing ACA's A credit rating and may downgrade the ranking. If the rating is lowered below A-, the company would
    be required to post collateral against credit-default swaps it has written.
    ``Management is currently investigating the possibility of restructuring its insured credit swap transactions to eliminatethe
    collateral posting requirement,'' ACA said today in a regulatory filing.

    Potrebbero piacerti anche