The CDPC brigade

Tom Jasper, chief executive of Primus Financial, talks to Alexander Campbell

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Five years after its launch, Primus Financial's chief executive, Tom Jasper, finds his company's chosen line of business still remarkably uncrowded. Although the credit derivatives market has grown beyond recognition - from $2 trillion in notional value outstanding in 2002 to $34 trillion in 2006, according to the International Swaps and Derivatives Association - only a few companies have followed Primus' lead in selling protection on a highly leveraged basis on single-name credit default swaps

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