The CDPC brigade


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 sw

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