Same underlying names dominate CDS in December

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Credit default swaps (CDSs) offering protection against debt issued by Asian financial services firms - and by US auto makers and European telecoms firms - were again the most actively traded credit derivatives in December.

In Asia, financial service company CDSs were the most actively traded contracts for the eighth month in a row, led by Kyoto-based Aiful and Tokyo-based Takefuji. CDSs on car makers, in particular Ford and General Motors, were the most active US names, says New York-based i