What is the real value of restructuring?

New angles

-laus-oft-jpg
The implication of Goldman’s research is that protection buyers may be overpaying for the cheapest-to-deliver option in CDS contracts that include mod-R. The research was sparked earlier this year after some clients – particularly those hedging loan positions with CDSs – started asking questions about what exactly they were getting with contracts that included mod-R – and how much they should be paying for this kind of protection.

In the US, mod-R is currently the de facto standard CDS con

To continue reading...

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 indvidual account here: