German and Swiss retail clients gain access to issuer credit spreads
Two European structured product trade associations have begun publishing issuer credit spreads on their websites to increase transparency. Deutscher Derivate Verband (DDV), the German derivative association, began publishing credit spreads of certificate issuers on October 6, using five-year credit default swaps (CDS), referenced to corporate bonds. CDS, which are specifically the basis point insurance premium paid to hedge against default, will now be updated daily on the website.
DDV says that
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