Repricing the loan market

One of the idiosyncrasies of financial derivatives is that they can grow to eclipse the underlying market on which they are based. This is certainly the case with credit default swaps. With $34.5 trillion in notional outstanding volumes at the end of 2006, the CDS market now dwarfs the cash bond market. An extension of this trend is that the CDS market has started to drive developments in the cash bond market, rather than taking its cue from them: for example, by forcing a change in the way

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

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 individual account here