Delphi Corp. and the Credit Derivatives Market (A) Harvard Case Solution & Analysis

In year 2005 Jane Bauer-Martin, a hedge fund manager, is considering what she should do with the fund's big investment in the publicly traded bonds of Delphi Corp., a financially troubled auto parts provider. Delphi is General Motor's key auto parts provider, and, like GM, it truly is burdened with large pension and other retiree obligations that threaten to shove it into insolvency.

Bauer Martin is contemplating using a range of credit derivatives (credit default swaps, credit-linked notes, credit default swap indices, total return swaps, etc.) to hedge her standing in Delphi debt, or to consider on future Delphi bond prices.

PUBLICATION DATE: July 07, 2009 PRODUCT #: 210002-HCB-ENG

This is just an excerpt. This case is about FINANCE & ACCOUNTING

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