Some EU funds leveraged more than 500% using CDS
More than 100 European Union funds are sitting on gross credit default swaps exposures that exceed their net asset value (NAV), a European Systemic Risk Board (ESRB) study shows. Seventeen funds have exposures that are five times their NAV, and 19 are over 10 times.
Out of a sample of more than 18,600 Ucits funds analysed as of end-2016, 1,337 were found to use CDS, consuming a combined €387 billion ($433 billion) of notionals.
Excluding the 19 funds for which NAV data was unavailable, the
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 print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk Quantum
7 days in 60 seconds
CCPs, margin ease and equity option freeze
The week on Risk.net, November 25–29, 2019
Receive this by email