Structured Credit

CIBC World Markets has built an integrated global credit product platform that delivers a comprehensive solution-driven range of cash, synthetic, vanilla and structured credit strategies to our clients.

Our Origination, Structuring, Advisory, Trading, Sales and Syndication teams develop and deliver solutions that cater to our clients' hedging, capital management and investment needs. The product range includes:

• Cash and synthetic Collateralized Loan and Debt Obligations (CLOs and CDOs), and their many variations
• Total return swaps
• Structured loans and liquidity lines
• Credit-linked notes and a variety of credit repackaging strategies
• Credit default swaps and options
• Credit Indices
• Asset swaps
• Floating-rate notes

Credit Trading

With trading desks in Toronto, New York and London, the credit trading desks support the global distribution of credit products as well as manage credit flow, credit arbitrage, intermediation and other opportunistic trading positions.

Global Structuring

Our Global Structuring group provides clients with structuring advice in relation to fixed income structured credit products, primarily Collateralized Debt Obligations (CDOs) and Collateralized Loan Obligations (CLOs). We typically act as arranger on public and private transactions and negotiate the provision of ratings as required from the main ratings agencies. We work with external legal counsel and any other external advisors on the documentation and execution of the transaction. We provide investors with sound advice and scenario analysis to ensure that the deals are successfully syndicated into the capital markets.