Credit risk
TSE targets Japanese banks for CCP
The Tokyo Stock Exchange (TSE) is courting domestic financial institutions to become clearing members of its proposed central counterparty (CCP), which it is developing alongside its 86.3%-owned clearing arm, Japan Securities Clearing Corp (JSCC).
CDS: Spreads narrow tracking equity rally
Credit default swap 5-year mid-levels for structured products issuers (July 14)
Central clearing will need new laws, Isda report finds
New laws will be needed in the US and Europe to support the introduction of central clearing of credit default swap (CDS) trades, according to a study published yesterday by the International Swaps and Derivatives Association.
CDS: Spreads narrow slightly; US earnings eyed
Credit default swap 5-year mid-levels for structured products issuers (July 10)
CDS: Widens on California's deficit, US earnings fears
Credit default swap 5-year mid-levels for structured products issuers (July 13)
Cesr joins calls for more derivatives trade reporting
The Committee of European Securities Regulators (Cesr) called this morning for post-trade reporting on several classes of derivatives, including asset-backed securities (ABS) and collateralised debt obligations (CDO).
High correlations spur interest in CCDS
Interest in using contingent credit default swaps (CCDS) as a speculative tool is being fuelled by high levels of cross-asset class correlations, according to some market participants.
Anglo-Irish CDS widen on buyback plans
The cost of credit protection on Anglo Irish Bank soared this week, rising to 679.1 basis points (bp) from 628.9 bp on July 3, as the bank announced plans to buy back billions of pounds and euros in Tier 1 and Tier 2 securities.
CDS: Tighten for first time this week
Credit default swap 5-year mid-levels for structured products issuers (July 9)
CDS: Widen again on recovery fears
Credit default swap 5-year mid-levels for structured products issuers (July 8)
TriOptima tear-ups cut CDS notional by $9 trillion
Swedish technology company TriOptima eliminated $9 trillion in notional outstanding from the credit default swap (CDS) market in the first half of 2009, the firm announced on July 9.
CDS: Widen on fears for global recovery
Credit default swap 5-year mid-levels for structured products issuers (July 7)
CDS: Spreads widen again
Credit default swap 5-year mid-levels for structured products issuers (July 6)
CDS: Slightly wider after Thursday's shock US jobs data
Credit default swap 5-year mid-levels for structured products issuers (July 3)
CDS premiums boost option participation in structured products
Participation rates and coupons in structured products are being boosted by premiums from credit default swaps (CDS) sold on sovereign and corporate entities, say dealers.
NYSE Liffe’s CDS clearing platform in doubt
The central clearing service for credit default swaps (CDS) offered by London-based derivatives exchange NYSE Liffe is “under review”, an official at the firm told Risk .
EC looks to move standardised OTC derivatives onto exchanges
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EC looks to move standardised OTC derivatives onto exchanges
The European Commission (EC) today served notice of its intention to push standardised over-the-counter derivatives onto regulated exchanges, in a move that could prove unpopular among dealers.
CDS: Widen after worse-than-expected US jobs data
Credit default swap 5-year mid-levels for structured products issuers (July 2)
CDS: Spreads continue to narrow on positive sentiment
Credit default swap 5-year mid-levels for structured products issuers (July 1)
Difference of opinion emerges on CDS fixed coupons in Europe
European credit derivatives traders remain divided on the number of fixed coupons that should be used for the trading of credit default swaps (CDS), just two weeks after the market was supposed to have switched to using only four standardised coupons.
Damage limitation
Efforts are under way to formalise the resolution process for collateral disputes, while other initiatives are planned to improve processes for posting collateral, valuation and margin practices. What are the challenges to meeting these targets? Ryan…
Cutting credit
Catastrophe Bonds