‘Terminator’ initiative to slash CDS duplications

CDS market

nov04-terminator2-gif

In early October, a test run for removing duplicated credit default swap contracts was conducted by TriOptima, a financial technology company, with the participation of 11 banks. The process, known as a multilateral swaps cancellation, or ‘terminating’, involves each bank sending a list to TriOptima of the single-name credit default swap (CDS) and index positions it has with the other participating banks. TriOptima looks at all the lists and works out which exposures cancel – or net – one anothe

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: