TITLE

OTC CDS Market Not Going Away

AUTHOR(S)
Kite, Shane
PUB. DATE
June 2009
SOURCE
Securities Industry News;6/1/2009, Vol. 21 Issue 12, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the prediction of risk services company Fitch Solutions that clearing of electronic credit default swaps (CDS) will be used to capitalized buy-side firms. The author states that Fitch Solutions' prediction adds to sentiment that over-the-counter (OTC) CDS trading will be preserved. The U.S. Treasury Department's May 14, 2009 proposal to regulate CDS, states that OTC CDS market will be preserved by splitting it into two sectors, one that comprises standardized contracts and another that comprises customized contracts.
ACCESSION #
41995341

 

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