Synthetic Cdo Market in Korea
Special Report
KIS Credit Monitor 2012.3.26
04 05
Special Report
2009.9
2010.9
2011.9
CDS TRS CLN Synthetic CDO
2,512 0 59 670 127 3,368
1,421 0 0 0 0 1,421 1,351 6 0 0 34 1,391 754 7 1,777 0 576 3,114 0 0 0 0 0 0 3,526 14 1,777
1,291 0 34 273 8 1,607 70 0 0 0 0 70 2,154 67 59 0 0 2,280 0 0 2,573 651 11 3,235 3,515 67 2,666
1,297 0 0 0 0 1,297 1,267 6 0 0 11 1,284 611 31 1,452 0 435 2,529 64 0 10 0 0 74 3,239 36 1,462
1,024 0 0 107 0 1,131 213 0 0 0 0 213 5,813 302 375 0 0 6,489 0 0 2,613 590 43 3,247 7,049 302 2,988
1,543 552 0 0 0 2,095 1,309 5 0 0 12 1,326 2,978 221 2,237 0 435 5,871 66 0 0 0 0 66 5,897 779 2,237
CDS TRS CLN Synthetic CDO
10 0 0 0 0 10
CDS TRS CLN Synthetic CDO
2,597 0 30 0 0 2,627
CDS TRS CLN Synthetic CDO
0 0 2,883 856 46 3,785
CDS TRS CLN
5,119 0 2,972
KIS Credit Monitor 2012.3.26
06 07
2009.9
2010.9
2011.9
Synthetic CDO
1,526 173 9,789
0 610 5,926 15,716
924 19 7,192
0 446 5,184 12,376
697 43 11,080
0 446 9,359 20,439
Special Report
KIS Credit Monitor 2012.3.26
08 09
Credit Risk Credit Exposure Credit Risk
ISDA(International Swaps and Derivatives Association)
CDS Premium
Special Report
KIS Credit Monitor 2012.3.26
10 11
Special Report
KIS Credit Monitor 2012.3.26
12 13
31 25 19 18 17 14 12 9 7 6 5 4 3 SK LG Macquarie Bank Limited GS
Credit Agricole S.A., Goldman Sachs Group, Inc., KT, SK China Development Bank, SK Bank of America Corporation, Morgan Stanley, Societe Generale Citigroup Inc., General Electric Capital
2
Corporation, KCC, Lloyds TSB Bank Plc, Royal Bank of Scotland N.V., SK, Sumitomo Mitsui Banking Corp., The Export-Import Bank of China
1
Barclays Bank PLC, ING Bank N.V., LG Corporate Bank, Ltd., Westpac Banking Corp.
, Metlife, Inc., Mizuho
Special Report
AAA KT SK AA+ AA AAA+ A ABBB ( ( A) CCC) ( A+) ( ( A-) A) ( AA-) ( AA) ( GS AAA) SK SK ( AA+) LG LG (
KIS Credit Monitor 2012.3.26
04 05
Special Report
2009.9
2010.9
2011.9
CDS TRS CLN Synthetic CDO
2,512 0 59 670 127 3,368
1,421 0 0 0 0 1,421 1,351 6 0 0 34 1,391 754 7 1,777 0 576 3,114 0 0 0 0 0 0 3,526 14 1,777
1,291 0 34 273 8 1,607 70 0 0 0 0 70 2,154 67 59 0 0 2,280 0 0 2,573 651 11 3,235 3,515 67 2,666
1,297 0 0 0 0 1,297 1,267 6 0 0 11 1,284 611 31 1,452 0 435 2,529 64 0 10 0 0 74 3,239 36 1,462
1,024 0 0 107 0 1,131 213 0 0 0 0 213 5,813 302 375 0 0 6,489 0 0 2,613 590 43 3,247 7,049 302 2,988
1,543 552 0 0 0 2,095 1,309 5 0 0 12 1,326 2,978 221 2,237 0 435 5,871 66 0 0 0 0 66 5,897 779 2,237
CDS TRS CLN Synthetic CDO
10 0 0 0 0 10
CDS TRS CLN Synthetic CDO
2,597 0 30 0 0 2,627
CDS TRS CLN Synthetic CDO
0 0 2,883 856 46 3,785
CDS TRS CLN
5,119 0 2,972
KIS Credit Monitor 2012.3.26
06 07
2009.9
2010.9
2011.9
Synthetic CDO
1,526 173 9,789
0 610 5,926 15,716
924 19 7,192
0 446 5,184 12,376
697 43 11,080
0 446 9,359 20,439
Special Report
KIS Credit Monitor 2012.3.26
08 09
Credit Risk Credit Exposure Credit Risk
ISDA(International Swaps and Derivatives Association)
CDS Premium
Special Report
KIS Credit Monitor 2012.3.26
10 11
Special Report
KIS Credit Monitor 2012.3.26
12 13
31 25 19 18 17 14 12 9 7 6 5 4 3 SK LG Macquarie Bank Limited GS
Credit Agricole S.A., Goldman Sachs Group, Inc., KT, SK China Development Bank, SK Bank of America Corporation, Morgan Stanley, Societe Generale Citigroup Inc., General Electric Capital
2
Corporation, KCC, Lloyds TSB Bank Plc, Royal Bank of Scotland N.V., SK, Sumitomo Mitsui Banking Corp., The Export-Import Bank of China
1
Barclays Bank PLC, ING Bank N.V., LG Corporate Bank, Ltd., Westpac Banking Corp.
, Metlife, Inc., Mizuho
Special Report
AAA KT SK AA+ AA AAA+ A ABBB ( ( A) CCC) ( A+) ( ( A-) A) ( AA-) ( AA) ( GS AAA) SK SK ( AA+) LG LG (