TITLE

Loan-Linked Swaps Set for Takeoff

AUTHOR(S)
French, Jeff
PUB. DATE
November 2005
SOURCE
Investment Dealers' Digest;11/14/2005, Vol. 71 Issue 43, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on trends pertaining to the market for standardized credit default loan-linked swaps (CDS) in the United States and Europe. Banks in both countries are working privately to create a liquid international market for CDS. The International Swaps and Derivatives Association has even issued a call for participation in creating a market standard for the product. Market analysts say that the creation of the CDS market would merge the leveraged loans and credit derivatives markets.
ACCESSION #
18850611

 

Related Articles

  • Credit Swaptions Are On The Rise As Investors Look For Spread. Iyer, Savita // Bank Loan Report;4/18/2005, Vol. 20 Issue 15, p9 

    Examines the growth of credit swaptions market. Applicability of the basic strategies to all financial options contracts to credit swaptions; Ability of investors to express more complex views on the market with swaptions; Effectiveness of credit swaption in an environment of tight credit spreads.

  • Credit Derivatives in Banking. Duffee, Gregory R. // Working Papers -- U.S. Federal Reserve Board's Finance & Economi;1997, p1 

    This paper examines the introduction of a market for credit derivatives in the banking industry. Banks can use credit default swaps to temporarily transfer credit risks of their own to others. This is thought to reduce the probability that defaulting loans initiate the bank's financial...

  • Standard Docs For Loan CDS? Kantin, Kerry // Investment Dealers' Digest;2/20/2006, Vol. 72 Issue 7, p10 

    The article reports on the proposal of a standard documentation for credit default swaps by a committee on market participants in the U.S. This move serves as a response on the effort of several investment bankers in demonstrating progress in the backlogged settlement of credit derivatives. The...

  • Credit Derivatives Market Opens Up in Malaysia. Law, Gene // Securities Industry News;7/9/2007, Vol. 19 Issue 26, p15 

    The article reports on the launch of the first interbank ringgit-denominated credit default swap (CDS) in Malaysia announced by Citibank Malaysia, ABN Amro Bank Berhad and CIMB Bank. The CDS deal is in line with the Malaysian government's aim in enhancing the efficiency and dynamism of the...

  • Wachovia Uses Derivative Technology to Enhance CDO. Donovan, Kevin // Bank Loan Report;2/24/2003, Vol. 18 Issue 8, p1 

    Reports on Wachovia Securities' use of credit derivative technology to enhance collateralized debt obligations. Release of APEX, a structure and issuance platform combining three kinds of derivatives, balance, credit and income swaps; Credit line provided by the APEX swap for the collateral...

  • A New Tool for Credit Risk? Zuckerman, Sam // U.S. Banker;Nov96, Vol. 106 Issue 11, p71 

    Reports that the U.S. federal government now permits banks to use credit derivatives to manage their exposure on corporate loans, although a stiff price tag could slow their growth. Observation that the products answer a real need by allowing market participants artificially to take on or get...

  • CDS Market May Boost Bankruptcies. M. S. // Bank Loan Report;6/30/2008, Vol. 23 Issue 26, p5 

    The article focuses on the impact of credit default swaps (CDS) market on the U.S. banking industry. It notes that CDS holders may not have the same incentive as the other investors to keep companies due to bankruptcies or restructuring. Data shows that the market has grown over the last several...

  • Credit Derivative Market's Growth Slowed in 2d Half.  // American Banker;3/16/2006, Vol. 171 Issue 51, p7 

    The article looks at the global market for credit derivatives and how it expanded 39% more slowly in the second half of 2005 than in 2004 because regulators gave banks a backlog of paperwork that threatened the financial system's stability. According to the International Swaps and Derivatives...

  • Schumer Supports OTC Oversight. Kaper, Stacy // American Banker;6/3/2008, Vol. 173 Issue 106, p20 

    This article reports on U.S. Senator Charles Schumer's desire to increase government oversight of the over-the-counter credit derivatives market. Schumer critiques the U.S. financial regulators' handling of this market and suggests that derivatives trading, which contributed to the failure of...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics