Opinion: Credit derivatives – don’t disable the concept

Standardising the credit derivatives market could paralyse it, argues Ralf Lierow, director of portfolio management, Europe, equipment and sales financing, Siemens Financial Services

The credit derivatives concept is arguably one of the most brilliant ideas the banking community has developed in a decade. I’ve seen the early days, and I heartily embraced the 1999 International Swaps and Derivatives Association definitions for credit default events, as this catalogue stopped us from losing time discussing what terms such as ‘bankruptcy’ were supposed to mean and enabled us to focus on the economics instead. The time to complete documentation of a trade came down from a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here