New banking swap indices launched

Index Administrator, Standard & Poor’s, and International Swaps & Derivatives Assocations, ISDA, recently launched a new pair of credit default swap indices to track bank swaps and by extension counterparty risk. The 2 new indices are the S&P/ISDA CDS U.S.

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Seat Pagine Gialle auction results

ISDA’s EMEA Credit Derivatives Determinations Committee held their CDS auction to determine the final settlement price for Italy’s directories publisher, Seat Pagine Gialle SpA, last Friday. After it was over, the final price was set at 10 with a net …

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Panrico LCDS auction result

Spanish doughnut maker, Panrico, recently had its European loan credit default swap (ELCDS) auction which set a final price of 8.125 on November 23, 2011. There were 5 participants (Credit Suisse, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Royal …

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BIS consultative paper on central counterparties

The Basel Committee from the Bank of International Settlements (BIS) had issued a second consultative paper entitled and on “Capitalisation of bank exposures to central counterparties” recently and is accepting feedback and comments on their proposals …

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HSBC exits its first Chinese credit derivative

HSBC has deregistered its first credit risk mitigation warrant and this is the first time a CRMW has been deregistered prior to maturity (which would have been on December 27, 2011 in this case).  The news was first reported by …

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Antitrust Investigation into CDS market begins

The European Commission is investigating two separate antitrust cases concerning the credit default swap markets. According to the official press release:

In the first case, the Commission will examine whether 16 investment banks and Markit, the leading provider of

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PIG swaps at record

While Greece may be getting the bulk of the attention, particularly in CDS-land, as talk of a restructuring credit event lingers on

Portugal CDS up 7 bps to 688 bps.

Ireland CDS up 11 bps to 685 bps.

Greece CDS …

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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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40-year CDS trade completed

The first 40-year credit default swap trade in almost a couple years was completed during the first week of March 2011.

According to DTC data, There was only 1 $5 million long-term CDS trade maturing in 2051 until the last …

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Merrill Lynch ordered to pay out on a Japanese CDS

As reported in Reuters recently,

A New York State appeals court revived a lawsuit seeking to force Bank of America Corp’s Merrill Lynch unit to pay out on a 1.5 billion Japanese yen ($18 million) credit default swap……

In the

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