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FYI: new CDS conventions in North America

bob

Faculty (Undercover)
Joined
6/7/06
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The attached is a doc from markit concerning the changes to the CDS market globally. The biggest one I see is that single-name in North America is going to start trading the way indices currently do: with one of two standard premium rates (100 or 500) and the rest settled upfront.
 

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  • CDS%20Big%20Bang%20-%20Mar%2011%202009.pdf
    787.8 KB · Views: 130
Sort of. Everything in CDS right now is moving towards exchange, so it will not be as much fun anymore :)
 
the Big Bang may be someone's Big "Pain"....
 

Attachments

  • BigBang_Brigo_20090407.pdf
    106.8 KB · Views: 43
Thanks, Tim. This wrinkle hadn't occurred to me until the paper pointed it out.
 
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