Indian CDS should deepen domestic bonds

The introduction of credit default swaps should encourage foreign investors to participate in India’s bond market and give small companies an alternative to domestic loans, said a senior DCM banker in the country.

  • 25 Feb 2011
The Reserve Bank of India released draft guidelines on the introduction of CDS contracts last week. The central bank will only allow investors to buy CDS as a hedge, not a speculative position, and regulators are still working on a master agreement for the contracts — but some ...

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