AXA Structured Finance has been recognised by a number of industry awards since its inception in 2000. These prestigious awards are testimony to AXA Structured Finance's product management credentials. The year 2005 was particularly significant as we were named for the first time "CDO Manager of the Year" by International Securitisation Report, which recognised our high level of expertise and forward structured finance thinking. Another specialist structured finance news provider, Total Securitization, presented us with the "CDO Manager of the Year" (Europe) award for the year 2006.