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The Euromoney Structured Credit Products Handbook 2006/07 noted the astonishing rise of collateral debt obligations. Since then the market has seen further growth, with both squared and cubed CDOs now available and contract maturity CDOs increasingly drawing the attention. Another year presents a further set of both opportunities and challenges, and the new edition of this invaluable Handbook confronts them head-on, from cross-fertilisation between CDOs to more innovative and flexible methods of financing investments. Inside the CDO Manager is included with this publication, in which leading CDO managers share the secrets of their achievements, history and offer insights into the role of the CDO manager, and why this is integral to development and success. As the market becomes more transparent, new investors are likely to be drawn in; this in turn leads to greater liquidity and enhanced prospects. But even the most innovative and responsive practitioners still need the right information and analysis to gain maximum competitive advantage. Designed with the professionals in mind, incisive articles in the Handbook 'spread the word' on the most compelling credit derivatives developments. Marco Angheben, Associate Director of the European Securitisation Forum comments on the market's growth this year: "The European securitisation market has matured significantly over the last years, with new issuance reaching record highs in 2006. The spread tightening caused in part by the January 2007 implementation of the Capital Requirements Directive provided additional incentive for securitisation, together with a benign credit environment. The recent trends of more securitised product investors and issuers, additional collateral classes and increased number of countries of collateral are all important factors contributing to the market's growth."

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