Credit derivatives
Isda AGM: Euro crisis drives up collateral, finds survey
Trouble in the eurozone is increasing collateral in over-the-counter derivatives market, according to Isda
Sovereign CDS market needs to learn lessons from Greece, dealers say
An auction to settle the Greek sovereign CDS goes smoothly, but some participants argue the documentation needs to be revisited
Greek auction result could undermine CDS use
An early trigger is unlikely, but fears of distorted auction outcome remain – and could undermine the use of credit default swaps as a hedge, say market participants
Dealers agree standard index CCDS documentation
The development of an index CCDS product will help market participants hedge counterparty risk, say proponents
Credit derivatives house of the year: Deutsche Bank
Risk awards 2012
Basel statement on risk transfer could halt legitimate trades, bankers warn
Basel Committee focuses on cost of protection in attempt to stamp out capital arbitrage, but dealers worry that sound trades will also suffer
Credit Derivatives House of the Year: BNP Paribas
Asia Risk Awards 2011
CME, Ice to launch repositories rivalling the DTCC
Banks have picked the DTCC to build a series of new derivatives repositories, but overlooked rivals CME and Ice vow to fight on
Worry about Greek CDS misguided, dealers suggest
Dealers believe fears about Greek sovereign CDS trigger event are overplayed
Emerging markets
Special report
Credit derivatives house of the year: Credit Suisse
Risk awards 2011
Markit bows CDS index volumes data
New numbers sourced from DTCC scrubbed to reflect real levels of risk-taking in the market
Hedging spurs growth in credit swaptions
Market jitters and lower bid/offer spreads promote growth in credit swaptions
Thomson Reuters begins distributing Chinese CRMI data
Vendor overcomes regulatory obstacles to publish data on credit derivatives, is first to do so
Best bank for credit derivatives: Goldman Sachs
Best bank for credit derivatives: Goldman Sachs
Global OTC derivatives widely dispersed, Isda survey finds
Five largest US-based dealers hold 37% of total notional, trade association says
Special report: CDS
Special report: CDS
CDS: Fitting into the framework
Fitting into the framework
Regulatory wrangles in the CDS market
Regulatory wrangles
Q&A: Jonathan Di Giambattista
Q&A: Jonathan Di Giambattista
All hail relative value
All hail relative value
China beefing up derivatives master agreements; possible Isda friction?
Efforts by Nafmii to bolster the definitions of China’s over-the-counter derivatives master agreements should help market development. But there are concerns about potential copyright infringement related to Isda master agreements.
Morgan Stanley is mystery buyer of Natixis CDS portfolio
Morgan Stanley is said to have acquired the bulk of an €8.6 billion portfolio of complex credit derivatives from Natixis last month.