Credit Default Swaps: The Next Crisis? – TIME.
The iTraxx suite of indices are owned, managed, compiled and published by Markit, who also license market makers. This story appears in the Oct. 24 edition of Forbes magazine. Credit default swaps (CDS) are the most widely used type of credit derivative and a powerful force in the world markets. The recent sight of the mighty JPMorgan Chase, wallowing in a credit default swap position from which it cannot exit, raises many questions. Valuation of Credit Default Swaps Marking default swap positions to market requires a model. We present and discuss the model most widely used in the market. Open access clearing solution for dealer-to-customer and interdealer Credit Default Swaps trades.
Also published on the Atlantic Monthly’s Business Channel. Complete the picture: intraday, tick-by-tick CDS market data. If you spend much time reading about the bond market, you'll come across articles mentioning credit default swaps. A CDS in which the buyer does not own the underlying debt is referred to as a credit default swap, estimated to be up to 80% of the credit default swap market. In reality, the credit-default-swaps market is as active as ever. Credit default swaps are important risk transfer instruments in today's global economy. Overview of the Credit Default Swaps Market.
Credit Indices Primer.
the credit exposure of fixed income products between parties. The Credit Default Swap (CDS) market has been in the news recently, as Greece goes through the throes of imminent or not-so-imminent default. Principal Trading Groups (PTGs) are set to act as market makers for interest rate and credit default swaps, says TABB. Markit iTraxx are the standard European and Asian tradable credit default swap family of indices. The CUSIP-linked MIP code (CLIP) is used in the financial derivatives markets to identify the reference entity of a credit default swap. Markit CDX family of indices is the standard North American and Emerging Markets tradeable credit default swap family of indices worldwide. Find detailed derivatives market information online! View credit-default swaps for sovereign nations.
MarketAxess | Credit Default Swap (CDS) Trading | Fully-electronic.
Find detailed derivatives market information online! Definition of credit default swap: A specific kind of counterparty agreement which allows the transfer of third party credit risk from one party to the other. Credit default swaps form a large but obscure market that will be put to its first big test as a looming economic downturn strains companies’ finances. Markit’s indexes account for about half of all credit-default swaps traded. The truth about credit default swaps Regulators have long feared a derivatives blowup, but the CDS market held up despite the collapse of Bear and Lehman. The Next Step in the Credit Default Swap Market. The market for credit default swaps has grown exponentially within the last decade.
Spain, Portugal CDS spreads widen to record levels – MarketWatch.
Has the Credit Default Swap Market Lowered the Cost of Corporate Debt?