Credit risk
CDS: Spreads continue narrowing trend
Credit default swap 5-year mid-levels for structured products issuers (May 25)
CDS: Spreads tighten; recover after early weakness
Credit default swap 5-year mid-levels for structured products issuers (May 26)
CDS: Rebound after two day losing streak
Credit default swap 5-year mid-levels for structured products issuers (May 22)
Isda to review collateral dispute process
The derivatives industry is working towards formalising the resolution process for collateral disputes after existing resolution methods proved inadequate during the financial crisis.
CDS: Spreads widen on equities sell-off
Credit default swap 5-year mid-levels for structured products issuers (May 21)
CDS: Spreads tighten sharply tracking equity rally
Credit default swap 5-year mid-levels for structured products issuers (May 19)
CDS: Spreads narrow again
Credit default swap 5-year mid-levels for structured products issuers (May 20)
Q&A: EC official "optimistic" on central clearing deadline
Mario Nava, head of the financial markets infrastructure unit at the European Commission in Brussels, updates Risk on progress towards central clearing of credit default swaps (CDSs) and the move towards a central trade repository for over-the-counter…
OTC trade repository plan faces hurdles
Financial authorities in the US and Europe have advocated the introduction of a central trade repository to gather data on the over-the-counter (OTC) derivatives market, but there is concern that multiple repositories could do more harm than good.
BIS shows first OTC derivatives market decline
The total outstanding notional of over-the-counter (OTC) derivatives contracts fell 13.4% to $592 trillion at the end of December 2008, from $683.7 trillion at the end of June 2008, according to statistics released by the Bank for International…
CDS: Stability comes in the form of flattening levels
Credit default swap 5-year mid-levels for structured products issuers (May 16)
CDS: Levels stabilise afer last week's widening
Credit default swap 5-year mid-levels for structured products issuers (May 15)
US to regulate OTC derivatives
Daily news headlines
CDS: Sentiment slips on poor corporate news and jobs data
Credit default swap 5-year mid-levels for structured products issuers (May 14)
CDS: Bank levels stay flat
Credit default swap 5-year mid-levels for structured products issuers (May 12)
European CDS dealers closer to restructuring solution
European derivatives dealers have agreed on a provisional framework to integrate restructuring as a credit event into the auction process for the cash settlement of credit default swaps (CDSs), taking the market a step closer to central clearing.
Geithner calls for law change to force OTC derivatives clearing
The US Treasury called upon Congress yesterday to amend the Commodities Exchange Act (CEA) to compel the "clearing of all standardised over-the-counter derivatives through regulated central counterparties".
CDS: Wells Fargo bounces back after stress test
Credit default swap 5-year mid-levels for structured products issuers (May 8 & May 11)
Ambac makes $1.539bn derivatives gain
Ambac reported a massive $1.539 billion mark-to-market gain on credit default swaps (CDSs) in the first quarter – an upswing largely due to its own deteriorating financial condition.
Bowater worth 15%, according to credit derivatives auction
An auction held on May 12 determined a final settlement value of 15% for credit default swaps (CDSs) referencing North American newsprint manufacturer Bowater, which filed for Chapter 11 bankruptcy on April 16.
CDS: Narrowing excludes major European players
Credit default swap 5-year mid-levels for structured products issuers (Friday May 8)
CDS: Pressure eases on Citigroup as narrowing continues
Credit default swap 5-year mid-levels for structured products issuers (Thursday May 7)
Primus explores new CDPC model
Primus Guaranty, the Bermuda-based credit derivatives product company (CDPC) and asset manager, is looking into the possibility of setting up a new entity to sell credit protection, but unlike its existing business model, the new venture would post…
CDS: Spreads narrow for every issuer
Credit default swap 5-year mid-levels for structured products issuers (Wednesday May 6)