October 18 - 20, 2006
Fairmont Hotel, Monte Carlo, Monaco
VIEW AGENDA (as of 10-3-2006)_____PDF AGENDA (as of 8-21-2006)

Opal is proud to present our 5th Annual European CDO Summit. This event is designed to familiarize institutional investors with the world of collateral debt securities in the European markets while providing a forum where the broker/dealers, rating agencies, lawyers and accountants can learn new techniques to maximize profits in this lucrative area of Asset-Backed Finance. An in-depth review of recent regulatory changes, as well as rating agency methodology, legal, tax and structural considerations will provide attendees with the tools necessary to stay one step ahead of the curve. The conference will serve as a opportunity for meaningful dialogue to occur that addresses concerns regarding this dynamic segment of the market.

For helpful information on Monaco visit www.visitmonaco.com


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Sponsorship, Exhibition & Speaking Opportunities
Call:
212-532-9898 x 222

Fairmont Monte Carlo Hotel
12 Avenue des Spélugues
Monte Carlo, 9800 MONACO
Phone:  377-93-15-48-52

Le Meridien Beach Plaza
22, ave Princesse Grace
Monte Carlo, Monaco98000
Telephone: +377 93 30 98 80
Fax: +377 93 50 23 14
(15 minute walk/5 minute drive)

Our room block at the Fairmont Monte Carlo no longer has availability for the dates of the conference.  The hotel is sold out from October 17-21. We have secured an overflow block of rooms at Le Meridien Beach Plaza. Opal has a waitlist at the Fairmont. If you wish to put your name on this list, please email Jamie Pepper at jpepper@opalgroup.net with your required dates. She will contact you regarding the nights availability. If you wish to secure the an alternate hotel, below you will find a few hotel options that are all in close walking distance to the Fairmont Hotel.  Opal does not have any discounted rate at these hotels..

Hotel Hermitage
Square Beaumarchais
Monte Carlo, Monaco98000
Toll free: 800-745-8883 (US)
Telephone: +377 98 06 40 00
Fax: +377 98 06 59 70
5-10 minute walk/2 minute drive
Rating: Deluxe

Hotel de Paris
Place du Casino
Monte Carlo Monaco 98000
Telephone: +377 9806-3000
Fax: +377 9806-5913
1 min by car / 2 min. walk
Rating: Superior Deluxe

Le Metropole Palace
4, ave de la Madone
Monte Carlo Monaco 98007
Telephone: +377 9315-1515
Fax:+377 9325-2444
2 min by car / 5 min. walk
Rating: Moderate Deluxe

The Current State of the Global CDO Market and Developments in the Synthetic CDO Markets
CDO as an Investor and as an Investment: Implications for Other Market Sectors
Being an Issuer and an Investor: Unique Perspectives and Challenges
The CDO Secondary Market: Liquidity and Transparency
Investment Grade CDOs
Credit Derivatives
Update on the Cash Flow and Market Value CDO Markets
CDOs of Private Equity & Hedge Funds
Investing in CDO Equity
CDOs: Managed vs. Static Deals
Global Capital Market Convergence: The interrelationship among Collateral and CDO markets
European CDOs - What Does the Trustee Do Beyond Providing the Trustee Service
Distressed Debt/High Yield CDOs/ Leveraged Loans
Optimizing the Location of the SPV
Rating Agency Perspectives on the CDO Market

By Helicopter
Take a breathtaking 7 minute helicopter ride from the Nice Cote d'Azur Airport to Monaco where a complimentary bus will shuttle you to the hotel in a matter of minutes! Fill in the attached PDF form (to get the discounted OPAL rate) and fax back to Heli Air Monaco (listed on the form).

By Bus
Regular daily connections by highway: Departure from terminal 1 and 2 every hour, from 9:00AM to 9:00PM.
Journey time: approximately 45 minutes
Fare is 13 € for one-way, 21.5 € roundtrip

By Taxi
Journey time: approximately 35 minutes
Average rate: 70€

By Train
All international trains stop at Monaco/Monte-Carlo Station located at Avenue Prince Pierre:
IC-The "Ligure" (Marseille-Milan);
The "Train Bleu" (Paris-Ventimiglia);
The "T.G.V." (Paris-Nice-Monaco).
The "Metrazur" offers regular connections to Saint-Raphael-Ventimiglia in summer.

For information on Trains in Europe, dial 1-800-4-EURAIL or visit "Europe on Rail"'s website at www.europeonrail.com. You can also visit the website of French Railway Company SNCF at www.sncf.com (select France and type in "Monaco" when selecting the city).

By Car
The Principality is linked to France, Italy, Germany, Switzerland, Belgium and even Great Britain by the network of European highways (coming from Italy, take the "Monaco-Roquebrune" exit; from France, take the "56 Monaco" exit).

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