Auctions held for Tribune and Ecuador CDSs

risk-090201-04-gif

Auctions to cash-settle credit derivatives trades on defaulting entities continued through January, with at least eight more planned as Risk went to press. They come amid expectations of higher corporate defaults and lower recovery rates - two trends that are expected to intensify over the coming year, analysts say.

In particular, an auction to cash-settle credit default swaps (CDSs) and loan credit default swaps (LCDSs) linked to Chicago-based media company Tribune on January 6 produced an outc

To continue reading...

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 indvidual account here: