Archive for March, 2011

Issues holding up counterparty disclosure

As regulators around the world try to prevent another credit crisis from happening, one of the areas they have been trying to enhance transparency in is  tracking counterparties. However, there are a number of issues currently holding up or delaying …

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Weekly: Sovereign CDS very active

Trading in the credit default swap markets was quite active for the week ending March 25, 2011. Spain topped the list with almost $10 billion in trading and 566 contracts – more than double that of second place Italy …

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FSA to increase CDS insider trading investigations

After the initiative was effectively shot down in the US earlier last year, insider trading investigations involving credit default swaps, among other financial products, is picking up again with Bloomberg recently highlighting that the “U.K. Financial Services Authority [has] started …

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$35 million in 3 new 39-year CDS trades

For the first time in record history, the latest DTC activity data indicates 3 new 39-year credit default swap trades totaling almost $35.5 million and scheduled to mature in 2050 were completed last week .

Perhaps even more interesting was …

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Weekly: TEPCO powers up the swap markets

Japanese nuclear energy company, Tokyo Electric Power (or TEPCO) exploded onto the most active list for the first time ever during the week ended March 18, 2011. Not surprisingly, the reason for the activity was all related to investors …

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MCDX tranche trading to begin soon

Institutional Investor recently highlighted a new development in the credit default swap markets: the upcoming introduction of tranche trading within the municipal CDS market. II focuses on a Citigroup report by Mikhail Foux, George Friedlander, and Vikram Rai entitled ‘An …

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Telecom CDS after the AT&T T-Mobile merger announcement

After the AT&T T-Mobile merger announcement, some wireless company CDS were quite active and moved in varying directions depending on investor expectations for the remaining players in the industry. Sprint Nextel CDS rose 50 bps to 311 bps, Verizon Communications …

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CreditLime launches free online CDS price database

CreditLime Update
March 22, 2011

CreditLime launches free online CDS price database

After several months of testing and development, CreditLime is launching its beta version of the world’s first freely searchable online credit default swap price database offering users the …

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$1.5 trillion in Emerging Market CDS trading

The EMTA (Emerging Markets Traders Association) recently released the results of their latest quarterly emerging markets credit default swap (EM CDS) survey which showed EM CDS volumes dropped on a quarterly basis but rose on an annual basis compared to …

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ISDA votes no to Irish credit event

Earlier this week, the International Swaps & Derivatives Association (ISDA) voted against declaring a restructuring credit event on Republic of Ireland sovereign credit default swaps. Had they voted for it, billions of dollars of Ireland CDS could potentially have been …

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