Equity-default swaps are in many ways much simpler products than CDS, which rely on a panel of banks and investors interpreting dense legal clauses to determine whether a company has defaulted or not.

The International Swaps Dealers Association (ISDA) has proposed revisions to the CDS master agreement. This ISDA measure addresses one of the symptoms of the underlying problem – collusion ...

But for debt that has an associated CDS market, such technical defaults can become an opportunity for clever traders to buy enough CDS and underlying debt to profit from a forced default (see ...

A panicked Swiss family office: “Hedge our Italian bonds in francs — but don’t sell euros!” Djouad structures a 5-year cross-currency swap with their liquidity provider, embedding a knock-in clause if ...

Credit default swaps are like insurance for investors. Buyers pay a fee to protect themselves in case the borrower — in this case the U.S. government — can't repay their debt. When the cost of ...

LONDON, Jan 25 (IFR) - Five-year senior CDS on Banca Monte dei Paschi di Siena pushed 80bp wider in trading today after CEO Fabrizio Viola confirmed to local media that the bank may have realised ...

Credit-default swaps, or CDS, are instruments that effectively allow a lender to insure against default by a borrower. An investor who owns a corporate bond, bank credits or government debt, can ...

Credit Suisse's credit default swaps are now trading near their previous highs during the 2008 financial crisis. CDS are derivatives that are essentially insurance for bondholders. Market-moving ...

Processing interest rate swaps (IRSes) should benefit from post-trade improvements in over-the-counter (OTC) credit default swaps (CDSes), according to industry insiders who spoke at a recent ...

Naked CDS A naked CDS position is a short position that is unhedged by the underlying credit risk. For example, I have a short position on a bond through a CDS but I don't actually own the bond.

New York state officials have begun examining middlemen in the market for credit-default swaps, as they comb for potential evidence of manipulation in the largely unregulated world of CDS trading ...