Fitch Teleconference Today: Global Credit Derivatives Survey, 10:00 a.m.Business Editors NEW YORK--(BUSINESS WIRE)--March 13, 2003 Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. will hold a teleconference today at 10:00 a.m. Eastern Standard Time (EST EST electroshock therapy. EST abbr. electroshock therapy ) to discuss its preliminary results of the first-ever survey encompassing the credit derivative Credit Derivative Privately held negotiable bilateral contracts that allow users to manage their exposure to credit risk. Credit derivatives are financial assets like forward contracts, swaps, and options for which the price is driven by the credit risk of economic agents (private market. Chief Credit Officer Robert Grossman will be the call leader, and will be joined by Fitch Managing Directors Roger Merritt and Charles Prescott Charles John Prescott (9 June 1857 – 12 June 1946) was an English born Australian army chaplain, Methodist minister and headmaster. Early life Prescott was born in Bridport, Dorset, the eldest child of a Wesleyan clergyman. . A question and answer session will immediately follow. Fitch surveyed approximately 200 global banks, insurance companies, reinsurers, financial guarantors and broker-dealers, focusing primarily on those 'selling protection' through credit derivatives and collateralized debt obligations Collateralized Debt Obligation (CDO) A general inclusive term which covers Collateralized Bond Obligations, Collateralized Loan Obligations, and Collateralized Mortgage Obligations, (CDOs). To date, 147 companies have responded and $1.3 trillion of the estimated $2 trillion market has been identified. Participants in the U.S. and Canada should call 1-877-897-0442, while international participants should call 1-706-643-7396 . All callers should dial in five minutes prior to the scheduled time and reference ' Fitch Ratings' with the operator. A replay of the teleconference will be available until March 16 by dialing 1-800-642-1687 in the U.S. and Canada, 1-706-645-9291 if calling from outside the U.S. and Canada. All callers seeking the replay should quote the access number '1108925'. |
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