(Reuters) - Credit default swaps are insurance-like securities
that protect against borrowers defaulting on their debt.
"I think it will have a significant impact in the market
and will increase liquidity in single-name loan CDS," said
Jeremy Vogelmann, loan credit default swap trader at Barclays
Capital in New York.
Read more at Reuters.com Bonds News
that protect against borrowers defaulting on their debt.
"I think it will have a significant impact in the market
and will increase liquidity in single-name loan CDS," said
Jeremy Vogelmann, loan credit default swap trader at Barclays
Capital in New York.
Read more at Reuters.com Bonds News
2 comments:
i read the article..have any idea of minimum balance to open an institutional acct. in credit swaps (i'm owner of an institution)
every time i call or email all the major (and minor ) market-maker banks they don't wanna talk to non-institutionals (who are'nt substansial,like my self) A position in a Single-name would cost the credit spread rate (bps)+ collateral which varies with respect to credit spread movement around a threshhold (+/- 2.5m)..that's not hard to achieve ,but they won't provide account info.
i read the article..have any idea of minimum balance to open an institutional acct. in credit swaps (i'm owner of an institution)
every time i call or email all the major (and minor ) market-maker banks they don't wanna talk to non-institutionals (who are'nt substansial,like my self) A position in a Single-name would cost the credit spread rate (bps)+ collateral which varies with respect to credit spread movement around a threshhold (+/- 2.5m)..that's not hard to achieve ,but they won't provide account info.
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