Bailout funds miss the point
Market analysis: CDS margining
Five largest US-based dealers hold 37% of total notional, trade association says
Study shows strong correlation between CDS liquidity and yields on sovereign debt
Special report: CDS
Fitting into the framework
To swap is not to insure
Q&A: Jonathan Di Giambattista
All hail relative value
The tail that wags the dog
Credit special report
Murky on transparency
Electronic trading: A key to achieving CDS reform
Buy-side market participants are expecting increased operational costs when new regulation on central clearing of CDS contracts is implemented
Eurex has halted the marketing of its credit default swap (CDS) clearing operation after failing to attract sufficient business, Risk understands.
Sovereign CDSs as a risk indicator
Revised rules replace laborious consent-then-confirm novation process
US bank believed to have purchased bulk of $8.6 billion credit derivatives portfolio.
Morgan Stanley is said to have acquired the bulk of an €8.6 billion portfolio of complex credit derivatives from Natixis last month.
New York Fed general counsel Thomas Baxter takes issue with New York Times article which says Fed ignored advice from advisers on AIG counterparty CDS issue
Eurozone politicians are pushing for a ban on naked sovereign credit default swaps (CDSs) – but the eurozone CDS market is relatively young. In emerging markets, where it has a longer history, CDSs are sometimes the hero, sometimes the villain – and…
In 2008 and 2009, the calibration of the standard Gaussian copula model for collateralised debt obligations has frequently broken down. To overcome that problem, Martin Krekel has embedded the model with correlated stochastic recovery rates. He shows…