DelphX Expands Credit Rating Security (CRS) Team With Addition of Industry Expert Barry Finklestein
DelphX Expands Credit Rating Security (CRS) Team With Addition of Industry Expert Barry Finklestein
Toronto, Ontario--(Newsfile Corp. - February 5, 2024) - DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) ("DelphX"), a leader in the development of new classes of structured products for the fixed income market, is pleased to announce that industry veteran Barry Finklestein has joined the Company in the role of consultant to aid in the commercialization and development of proprietary credit products. Today's announcement marks an important step in building a team with deep industry experience to commercialize the Company's recently introduced Credit Rating Security (CRS), which gives portfolio managers and traders the ability to position against rating downgrades on individual bonds.
安大略省多伦多--(Newsfile Corp.-2024 年 2 月 5 日)- DelphX Capital Markets Inc.(多伦多证券交易所股票代码:DELX)(场外交易代码:DPXCF) (”delphX“)是固定收益市场新类别结构性产品开发的领导者,他很高兴地宣布,业内资深人士巴里·芬克尔斯泰因已加入公司,担任顾问,协助专有信贷产品的商业化和开发。今天的公告标志着在组建一支具有丰富行业经验的团队以将公司最近推出的信用评级证券(CRS)商业化方面迈出了重要一步,该证券使投资组合经理和交易者能够对个别债券的评级下调进行防范。
With more than three decades in the fixed income and structured products arenas, Mr. Finklestein is recognized as a both an industry expert and an innovator in the creation of programs that redefined the underwriting and trading of structured vehicles. His career includes a number of executive positions, most notably Global Head of Investment Banking at financial services firm Enigma Securities; Head of Business Development at blockchain technology company Algorand; and Managing Director at banking giants UBS and Merrill Lynch.
Finklestein先生在固定收益和结构性产品领域拥有三十多年的经验,在制定重新定义结构性工具的承保和交易的项目方面,他被公认为行业专家和创新者。他的职业生涯包括多个高管职位,最著名的是金融服务公司Enigma Securities的全球投资银行主管;区块链技术公司Algorand的业务发展主管;以及银行巨头瑞银和美林证券的董事总经理。
At Merrill Lynch, he headed the Fixed Income Structured Repackaging and Synthetic Credit businesses with responsibility for global Collateralized Debt Obligation (CDO) and Collateralized Loan Obligation (CLO) efforts; and developed the Pplus retail note program, MINTstm managed synthetic credit derivative products and STEERs program, a first of its kind private and public Special Purpose Vehicle (SPV) asset repackaging entity. At UBS, he headed the Wealth Management and Private Bank Distribution effort in the Americas for the Fixed Income Division.
在美林证券,他领导固定收益结构性重组和合成信贷业务,负责全球抵押债务债务(CDO)和抵押贷款债务(CLO)工作;并开发了Pplus零售票据计划、MintsTM管理合成信贷衍生产品和STeers计划,这是同类首个私人和公共特殊用途工具(SPV)资产重组实体。在瑞银,他负责固定收益部在美洲的财富管理和私人银行分销工作。
"We set out to build a team with deep industry experience, so having Barry join in a consulting role brings us a recognized leader who helped shape this industry over the last decades," said DelphX CEO Patrick Wood. "In a metaphorical sense, the bond industry has had a kind of life insurance in the form of CDOs for years, but no way to guard against rating agency downgrades that precede a full default or degrade asset value prior to the maturity date. Our CRS product is akin to health insurance for the bond market, giving portfolio managers and speculators the ability to position against rating changes during the life of a bond. We are looking forward to working with Barry to make this much-needed solution an essential part of a bond manager's tool box."
DelphX首席执行官帕特里克·伍德表示:“我们着手组建一支具有丰富行业经验的团队,因此,让Barry加入咨询职位将使我们成为公认的领导者,他在过去几十年中帮助塑造了这个行业。”“隐喻地说,债券行业多年来一直有一种以CDO形式的人寿保险,但无法防范评级机构在完全违约之前下调评级或在到期日之前降低资产价值。我们的CRS产品类似于债券市场的健康保险,使投资组合经理和投机者能够在债券有效期内针对评级变化进行定位。我们期待与Barry合作,使这个急需的解决方案成为债券经理工具箱的重要组成部分。”
About DelphX Capital Markets Inc.
关于 DelphX Capital Markets Inc
DelphX is a technology and financial services company focused on developing and distributing the next generation of structured products. Through its special purpose vehicle Quantem LLC, the Company enables fixed income dealers to offer new private placement securities that optimally transfer and diffuse credit risk, while allowing the enhancement of yield. The new DelphX securities will enable dealers and their qualified institutional investors (QIBs) accounts to competitively structure, sell and make markets in:
DelphX 是一家科技和金融服务公司,专注于开发和分销下一代结构性产品。通过其特殊用途工具 Quantem LLC,公司使固定收益交易商能够提供新的私募证券,以最佳方式转移和分散信用风险,同时提高收益率。新的DelphX证券将使交易商及其合格机构投资者(QIB)账户能够在以下领域进行具有竞争力的构建、出售和开拓市场:
- Collateralized put options (CPOs) that provide secured rating downgrade protection for underlying corporate bonds;
- 为标的公司债券提供有担保的评级下调保护的抵押看跌期权(CPO);
- Collateralized reference notes (CRNs) that enable credit investors to take on the rating downgrade exposure of an underlying security in exchange for enhanced returns.
- 抵押参考票据(CRN)使信贷投资者能够承担标的证券的评级下调风险敞口,以换取更高的回报。
All CPOs and CRNs are fully collateralized and held in custody by BNY Mellon. CPOs and CRNs are proprietary products created and owned by DelphX Capital Markets.
所有CPO和CRN均由纽约梅隆银行全额抵押和保管。CPO 和 CRN 是 DelphX Capital Markets 创建和拥有的专有产品。
For more information about DelphX, please visit .
有关 DelphX 的更多信息,请访问 。
Mark Forney, Corporate Development
DelphX Capital Markets Inc.
mark.forney@delphx.com
(718) 509-2160
Mark Forney,企业发展
DelphX 资本市场公司
mark.forney@delphx.com
(718) 509-2160
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多伦多证券交易所风险投资交易所及其监管服务提供商(该术语在多伦多证券交易所风险投资交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。