TriOptima Runs First Post-Bankruptcy CDS Compression

05 Mar 2013

TriOptima has held its first post-credit compression cycles—in which market participants tear up existing trades at their own mid-to-market valuations—since the International Swaps and Derivatives Association introduced its big bang and small bang protocols.

TriOptima has held its first post-bankruptcy compression cycles—in which market participants tear up existing trades at their own mid-to-market valuations—since the International Swaps and Derivatives Association introduced its big bang and small bang protocols.

The compressions were for the subordinated and senior debt-related single name credit default swaps ...

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