Credit markets
China's credit default swap market slow to grow
China launched its version of the credit default swap market nearly 18 months ago – yet activity has almost ground to a halt due to a combination of inflexible rules, lack of standardisation, and an approach to the concept of credit default that is…
Sovereign CDS market needs to learn lessons from Greece, dealers say
An auction to settle the Greek sovereign CDS goes smoothly, but some participants argue the documentation needs to be revisited
Regulatory go-slow on CDS rules in China holds up market development
CDS, China-style
Default lines in China – Aaron Woolner column
Default lines in China
Greek auction result could undermine CDS use
An early trigger is unlikely, but fears of distorted auction outcome remain – and could undermine the use of credit default swaps as a hedge, say market participants
Greek bailout deal fails to dent CDS spreads
Sovereign spreads flat or wider despite agreement on fresh bailout for Greece
CDS market holds breath as Greek bail-out talks continue
Spreads are static and volumes light as EU finance ministers and the Greek government try to reach agreement over bail-out terms
Dealers agree standard index CCDS documentation
The development of an index CCDS product will help market participants hedge counterparty risk, say proponents
CCIL’s Roy: CCP settlement for Indian CDS three years away
The Indian CDS market, which started trading at the end of last year, will need three years before trades can start being cleared through a central counterparty, says clearing house CRO
Basel 2.5 prompts flurry of asset sales and risk transfer deals
The profits of imbalance
Little seasonal cheer for bank CDS spreads
Europe's big banks have endured a rocky month of ratings downgrades, eurozone discord and funding stress
The CVA-CDS feedback loop
The CVA-CDS feedback loop
CDSs: lubricant or landmine?
Credit default swaps have allowed banks and investors to improve the management of their credit risk, but they may represent a lurking source of contagion in a crisis, argues David Rowe
Germany downgrade threat sees eurozone CDSs widen
Eurozone CDS spreads were back on the rise today after Standard & Poor's warned it could downgrade 15 eurozone member states, including Germany
Eurozone CDS spreads fall on French-German fiscal deal
Risk perceptions in the eurozone fell today as France and Germany agreed new treaty plans that will sanction fiscally irresponsible member states
German CDS spreads level out after weak debt auction spooks markets
Cost of insuring against a German government default remains stable after yesterday’s lacklustre debt auction, but risk perceptions on German banks surge
Avatar Capital adds CCDS brokerage team
Broker-dealer hires former Icap credit hybrids team
CDS: not dead yet
CDS: not dead yet
Dealers predict CVA-CDS loop will create sovereign volatility
A recipe for disaster?
Illiquidity holding back CCDS, despite Basel III endorsement
Where is the liquidity?
CDS spreads in holding pattern as row delays eurozone deal
Spreads flat or slightly tighter despite political squabbling over size of EFSF
India credit derivatives market prepares for lift-off
Indian summer for CDS?
Regulatory experts say EU's naked CDS ban is ill-judged
The new rules are "another instance of the authorities blaming the wrong people and imposing the wrong policies", says Cass's Ian Marsh
European bank spreads decline amid talk of recapitalisation plans
Risk perceptions on European banks fall as Merkel and Sarkozy agree to produce a recapitalisation plan within the month