Triple-A default swap company relaunched

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Primus Financial Products has finally launched after a wait of almost two years. The company bills itself as the industry’s first wholesale provider of credit risk protection on individual, investment-grade corporations, sovereigns and financials. An earlier attempt at launching the company was done under the name ePRIMUS.

Derivatives traders blame the wait on the company being unable to raise enough funds. “The company initially started three years ago and aimed to be a seller of default pr

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