Pimco, Citi top for single-name CDS trades

Counterparty Radar: Top three managers account for 75% of positions – but only Pimco sells protection on the US

US-single-name-CDS-rankings

Citi deposed Barclays as the dealer of choice for US funds when executing single-name credit default swaps (CDSs) in the first quarter of this year – the UK bank had topped the charts throughout 2020.

Citi was the counterparty for trades with a total of $5 billion in notional – just under 15% of all those reported. That gave it a slight edge on Barclays, with $4.6 billion. The figures represent a modest decline for Barclays on the prior quarter, and a big jump for its US rival, which had been

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

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