define security-based swap dealer
The SEC is following through on proposals from last year to define a security-based swap dealer. If its latest definitions go into law, this is what you might find if you were to ask google to define...
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Collateral (Call) Damage – no pun intended
All those margin and collateral calls that JP Morgan Chase likely faced on its massive “London Whale” CDS trades likely had further reaching effects on several other related derivatives. Despite total...
View ArticleSpain soaring
Spain’s sovereign CDS and the nation’s public banks CDS are at or near new highs as investors fret about Spain’s possible downgrade to junk status. Moody’s already downgraded many Spanish banks and...
View ArticleCDS perks the interest of regulators
According to the WSJ, DTCC said regulators submitted 360 searches in May, the most recent month for which data is available, compared with 37 searches in the same month last year. In April, the number...
View ArticleJapan CDS at mid-year
Japan’s sovereign CDS has tightened by about 34% from 142 bps at the in December 2011 to 94 bps in June according to the WSJ, but market participants say the tightening spreads suggest that the...
View ArticleCDS used to help relieve bank balance sheets
CDS, once a source of contention for critics of derivatives, are now being used to help de-risk European banks’ balance sheets affected by the ongoing crisis in Europe. From the WSJ The latest example...
View ArticleNorth American CDS back at 3 month high
As mentioned in Businessweek, The Markit CDX North America Investment Grade Index, a credit-default swaps benchmark that investors use to hedge against losses or to speculate on creditworthiness, rose...
View ArticleCME sues to protect its swap data
A new lawsuit by the CME to protect is trade data from having to be sent to DTCC or other centralized swap data repositories could threaten or slow down the drive to increased transparency in...
View ArticleDebt downs India’s airlines
The drama thats unfolding in India’s airline sector and has nearly taken one casualty, in Kingfisher Airlines earlier default and grounding, is causing turbulence for the rest of that country’s...
View ArticleCDS ETF’s have arrived
Deutsche Bank’s db x-trackers program has launched new ETF’s tied to the Markit CDX North America Investment Grade and High Yield credit default swap indices. They Some of the pending tickers as listed...
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