CDS: Spreads tighten a touch; Citi leads

Credit default swap 5-year mid-levels for structured products issuers (August 5)

Banco Santander 70.045Bank of America 144.86Barclays Bank 85.05BNP Paribas 49.27Citi 266.025Commerzbank 92.505Credit Agricole 79.01Credit Suisse 64.74Deutsche Bank 97.5Goldman Sachs 99.77HSBC 58.745ICICI Bank 232.375ING 60.585JP Morgan 63.295KBC Group 215.625Mizuho Corporate Bank 60Morgan Stanley 143.225National Australia Bank 84.67Nordea Bank 80.355Royal Bank of Scotland 131.145Societe Generale 77.46Standard Chartered Bank 91.29Svenska Handelsbanken 73.02UBS 107

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Switching CCP – How and why?

As uncertainty surrounding Brexit continues and the impacts of Covid-19-driven market volatility are analysed, it is essential for banks and their end-users to understand their clearing options, and how they can achieve greater capital and cross…

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