Lehman’s CDS mess

Editor's blog

The consequences of the collapse of Lehman Brothers continued to be felt last week, as counterparties attempted to settle billions of dollars in credit default swaps (CDS) with the failed US investment bank. The cost of settling CDS products traded without central exchanges or systems for reporting trades is only just being worked out. But you can bet it won’t be cheap.

Commentators are saying this will mark the biggest ever payout for a $55 trillion market. Where the losses will fall is unclear

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net 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 Risk.net? 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 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 individual account here