Leveraged loan CDS
For all of the froth generated by the banks developing leveraged loan CDS, it's clear that the buy side is keen to trade the instrument. So what exactly is hampering development of this fledgling market? Sarfraz Thind reports
It was standing room only at a recent conference on loan credit default swaps (LCDS) in London. More than 450 loan and CDS specialists from banks and the investor community crowded into the small venue in Grosvenor Square to hear about the latest trading strategies, advances in valuing these complex instruments, and the upcoming LCDS indices.
The high attendance was a mark of how much interest the product has generated since the first leveraged loan CDS traded in November 2005 between Morgan
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