Standard US CDS contract sparks hedging worries

Plans to reshape the US single-name credit default swap (CDS) market are causing concerns among some credit portfolio managers, due to a limitation on their ability to get capital relief for hedges under Basel II.

An International Swaps and Derivatives Association group comprised of buy- and sell-side market participants has been working on changes to the standard North American CDS contract over recent months. The modifications are part of an effort to further standardise CDS contracts and migr

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: