Credit default swaps (CDS) provide insurance against the default of a debt issuer. With a CDS, the buyer pays a premium to a seller for this protection. If the issuer defaults, the seller compensates ...
As Bear Stearns careened toward its eventual fire sale to JPMorgan Chase last weekend, the cost of protecting its debt, through an instrument called a credit default swap, began to rise rapidly as ...
NEW YORK, Oct. 10 -- In what may shape up to be the most expensive payout ever in the credit-default swap market, sellers of insurance against a debt default by Lehman Brothers will have to pay 91.375 ...
NEW YORK, Sept 4 (Reuters) - Corporate bonds and loans have underperformed credit default swap protection on the debt in recent weeks, encouraging some investors to enter into trades that profit from ...
NEW YORK (Reuters) - SEC Chairman Christopher Cox has called on Congress to pass legislation that would make so-called credit default swaps more transparent, including requiring that dealers in ...
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that the U.S. Securities and Exchange Commission (SEC) has approved ICE Swap Trade’s ...
Oct. 31 (Bloomberg) -- The European sovereign debt crisis stands as the latest in a long line of similar crises. Argentina in 2001. Russia in 1998. Mexico in 1994. The list goes back into history.
We study the determinants of China’s sovereign credit default swap (CDS) spread in a regimeswitching framework. This framework allows us to identify potential cross-asset-class contagion from global ...
ATLANTA & NEW YORK & LONDON--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced it has completed the ...
A credit derivative contract used as protection against a potential default on a debt security or for speculation. An investor buying a credit default swap pays a regular fee to transfer the risk that ...
That's part of what Greece's prime minister, George Papandreou, blames for his country's financial crisis. A credit default swap is a form of insurance on bonds that investors buy and sell. When it ...