Clearing the way ahead

risk-0608-07-gif

Early in 2007, a handful of credit derivatives dealers - Deutsche Bank, Goldman Sachs, JP Morgan, Lehman Brothers and Morgan Stanley - began to talk about how they could make the market more efficient. They were particularly worried about counterparty risk. Exposure to companies and credit derivatives indexes was being passed around the market, from one dealer to the next, creating long chains of transactions and an opaque web of interdependencies. If the dealers could eliminate some of this

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: