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Lehman Brothers Structured Credit Trading (SCT) is the industry-leading business unit focusing on credit derivatives, structured products and collateralized debt obligations globally. SCT is fully integrated into the preeminent franchise of Lehman Brothers' global credit business. SCT provides derivative instruments, customized investment products, structured finance advice and innovative solutions for credit market participants that complement the client's overall investment strategies and objectives. By linking SCT to the cash credit businesses, clients benefit from the full capabilities of Lehman Brothers credit business franchise, from global origination, market making, award-winning credit research and strategy specialists, and global distribution.
SCT operates across all global credit markets: U.S. Corporate, Preferred Stock, U.S. High Yield Bond and Loan Markets, Emerging Markets, Euro-Credit Markets and Asian Markets. SCT operates globally with over 150 professionals based in New York, London, Tokyo, Hong Kong and Mumbai.
|
 |
|
Credit Derivative and CDO
Notional Amount Outstandings (in billions) |
|
| |
Year |
|
Credit
Derivatives1 |
|
CDOs2 |
|
| |
2000 |
|
$1,522 |
|
|
$352 |
|
|
| |
2001 |
|
$1,971 |
|
|
$413 |
|
|
| |
2002 |
|
$2,192 |
|
|
$447 |
|
|
| |
2003 |
|
$3,548 |
|
|
$483 |
|
|
| |
2004 |
|
$8,422 |
|
|
$550 |
|
|
| |
2005 |
|
$17,300 |
|
|
$737 |
|
|
| |
2006 |
|
$34,422 |
|
|
$1,591 |
|
|
| |
2007 |
|
$45,4643 |
|
|
$2,008 |
|
|
1. Source: BBA, CCO, ISDA,
Lehman Brothers
2. Source: Lehman Brothers
3. As of June 30, 2007 |
|