SG buys $1.3 billion Japan CDS portfolio

French bank strengthens position in Asia

Buy Sell Green Road Sign Vector Illustration on a Radiant Blue Background

Societe Generale bought a $1.3 billion book of Japanese credit default swaps (CDS) from an unnamed global bank last year, continuing a series of credit derivatives portfolio acquisitions by the French bank.

Sources close to the deal, which took place just before August last year, say the book consisted of 52 Japanese names spread across roughly 350 contracts. Maturities of the contracts ranged between one and five years – fairly typical for Asian CDS, which tend to be of shorter duration than

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here