Improved transparency and oversight aimed at restoring investor confidence
Bondholders with credit default swap protection are likely to be less accommodating in workout negotiations with issuers than those without CDS protection, finds as new report Moody’s Investors Service.That’s a factor that could lead to more bankruptcy filings.Moody’s report examines the role of CDS on bondholder preferences in “workout” situations involving distressed issuers. “Although individual […]
The International Swaps and Derivatives Association, Inc. has successful implementation of its new settlement protocol for credit default swap (CDS) transactions, the association said Wednesday.It reports that over 2,000 parties adhered to the so-called “big bang” protocol, which represents the final step in the process known as “hardwiring”, involving the incorporation of auction settlement terms […]
Program would apply to proposed central counterparty for CDS trades
Senior supervisors group issues report on management of recent CDS credit events