Decoding Derivatives – Q2 2021 | Kramer Levin Naftalis & Frankel LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
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This practice note focuses on credit default swaps (CDS) (both
single-name and index) and provides a high-level overview of their
functioning, with a particular emphasis on corporate CDS. Although
the product may appear relatively simple at first sight, it is
governed by a complex set of rules. Investors should seek to fully
understand their terms before they trade the product in an effort
to avoid falling into a trap for the unwary.
Credit derivatives are financial contracts enabling market
participants to take, reduce, or transfer credit exposure on a
DC Administration Services Announces ISDA Determinations Committees 2021 Application Process
Tuesday, March 16, 2021 10:41AM IST (5:11AM GMT)
Non-dealer Committee Membership applications for 2021
DC Administration Services, Inc. (
DCAS) notes that the 2021 List Review Date for the Determinations Committees falls on Tuesday, March 30, 2021.
DCAS would therefore like to invite all interested Members of ISDA to apply for a position as a Non-dealer Committee Member of the Determinations Committee for the relevant region.
Parties wishing to apply for such a position should carefully review and submit an executed Non-dealer Committee Participation Letter by 5pm (New York time) on Thursday, March 18, 2021.
For more information on the process and to download the form of the Non-dealer Committee Participation Letter, please visit https://www.cdsdeterminationscommittees.org/about-dc-committees/constitution-of-the-determinations-committees/.
Wrapping the Christmas Risk
Supply-chain credit risk is a continuous risk vendors and suppliers face, and it is a risk that has some extra venom during the holiday season. With a
highly distressed retail sector, suppliers are, as always, seeking to offset their exposure to troubled retailers should the retailers fail before paying for their merchandise. To address this risk, suppliers often enter into
vendor puts, offloading the nonpayment risk to a bank or, increasingly, an
investment fund. Of course, financial institutions taking this non-payment risk are not drinking the eggnog and gambling on the retailers performing. Instead, investors in vendor puts typically
SSD privacy hampers deliverability with CDS auctions globalcapital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcapital.com Daily Mail and Mail on Sunday newspapers.