Credit Suisse offloads $40bn global CDS portfolio

Similar sized deal involving Asia names set to follow


Credit Suisse offloaded a global $40 billion credit default swap (CDS) portfolio to French bank Societe Generale earlier this summer, with sources indicating that a further deal involving purely Asian names is imminent.

The terms of the deal were confidential but Asia Risk understands that the entire $40 billion portfolio was transferred on a single day via a master swap agreement covering all the underlying credit default swaps with the novation process ongoing.

It is understood that Credit Sui

To continue reading...

You need to sign in to use this feature. If you don’t have a 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 indvidual account here: