CVA, debt raising said to drive SoftBank CDS trading

Chris Davis
24 Jun 2019

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

A change in how Japanese banks account for derivatives counterparty risk explains the runaway growth in credit default swap volumes on tech giant SoftBank, traders say. High levels of foreign currency debt issuance by SoftBank are also said to be a factor in the CDS activity.

The notional amount of CDS on SoftBank cleared at Japan Securities Clearing Corp climbed threefold in 2018 against the previous year, to hit ¥150 billion ($1.4 billion). The figure has continued to increase this year

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]