Fine Print Bites Deutsche Bank in CDS Suit
The Street.com - July 7, 2006
by Matthew Goldstein

Credit derivatives experts say the court ruling is a warning sign to Wall Street that it must pay careful attention to the language in these sophisticated contracts, because the courts will hold them to it.

"Watch your language in the contracts you write,'' says Janet Tavakoli, a Chicago-based structured-finance and derivatives consultant "The implication is if you bought protection, you might find you are not really protected if you're not able to deliver the bonds.

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Janet Tavakoli is the president of Tavakoli Structured Finance, a Chicago-based firm that provides consulting to financial institutions and institutional investors. Ms. Tavakoli has more than 20 years of experience in senior investment banking positions, trading, structuring and marketing structured financial products. She is a former adjunct professor of derivatives at the University of Chicago's Graduate School of Business. She is the author of: Credit Derivatives & Synthetic Structures (John Wiley & Sons, 1998, 2001), Structured Finance & Collateralized Debt Obligations (John Wiley & Sons, 2008).

Janet Tavakoli's book on the global financial meltdown is Dear Mr. Buffett: What An Investor Learns 1,269 Miles From Wall Street (Wiley 2009).

Clients of Tavakoli Structured Finance have the benefit of proprietary consultation, which is not available in any other paid or public forum. Clients also commission proprietary research and analysis.

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