The Role of Clearinghouses and Central Counterparties (CCP) in CDS Markets – Part 2

In part 2 of our explanation of CDS central counterparties, we highlight issues and concerns regarding a central CCP and touch on the issue of whether central clearinghouses really reduce risk as people expect or might possibly have opposite or unintended effects.

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The Role of Clearinghouses and Central Counterparties (CCP) in CDS Markets – Part 1

Central clearinghouses have been frequently proposed as a solution to fix the CDS markets or prevent a future CDS market crisis. But what exactly does a central clearinghouse do, how does it work and will it really help fix or reduce risk in the CDS?

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CreditLime launches free online CDS price database

CreditLime springs forward into 2011 with the launch of a new credit default swap price database.

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CreditLime Launches New Homepage

New homepage can be found by visiting www.creditlime.com

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Basel III pre-meeting summary

Following our recent credit analysis on the big western commercial banks, we highlight issues that will be the focus of discussions in Basel as the Basel Committee on Banking Supervision (BCBS) meets tomorrow.

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Credit Analysis: US & European Banks ahead of Basel 3

Here is a broad credit analysis on 5 large American and 5 large European commercial banks (Banco Santander, Bank of America, Barclays, Citigroup, Credit Agricole, Deutsche Bank, HSBC, JP Morgan Chase, Unicredit and Wells Fargo) ahead of the upcoming Basel Committee on Banking Supervision (BCBS) meeting this Sunday in Switzerland where central bankers from around the world are expected to make further progress on final Basel III standards.

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लगे रहो सुब्बारावभाई (Keep going Subbarao): Rupee Credit Default Swaps (Part 3)

Part 3 of the report discussing the introduction of Rupee-denominated onshore credit default swaps to India

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लगे रहो सुब्बारावभाई (Keep going Subbarao): Rupee Credit Default Swaps (Part 2)

Part 2 of the report discussing the introduction of Rupee-denominated onshore credit default swaps to India

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लगे रहो सुब्बारावभाई (Keep going Subbarao): Rupee Credit Default Swaps (Part 1)

Sanjay Dutt, acting as the ever popular underworld gangster Munnabhai along with trusted sidekick Circuit, first conned people as a doctor in the original Munnabhai movie and then as a practicer of Gandhism (Gandhigiri) in the sequel, Lage Raho Munnabhai. Today, investors are wondering whether Munnabhai will be reincarnating himself as a credit default swaps trader trying to outsmart Reserve Bank of India Governor Duvvuri Subbarao in the future third installment of this series. What’s worse for some skeptics is that unlike in the first two movies where Munnabhai was chasing love, a shift in his newfound priorities (from love to money) could create much greater financial concerns for all involved this time around. Audiences, however, are still expected to have the last laugh as they did in the previous movies watching all the antics of market participants play out in a series of comedic events also known as Indian politics. (Part 1)

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Caja CDS still near highs as Spanish banking system worries continue despite new 7-way merger talk

Spanish bank and caja credit default swaps are trading tighter, and off their record highs from Tuesday, as news of a mega-merger amongst the cajas take hold. Yesterday’s reports involve a previously announced 6-way merger led by Caja Madrid and another potential suitor in Bancaja being added to the mix to create Spain’s largest savings bank.

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