Details of New LCDS Unveiled At Confab

04 Sep 2008

The new loan-only credit default swap currently awaiting approval from the International Swaps and Derivatives Association will not have a cancellation feature.

The new loan-only credit default swap currently awaiting approval from the International Swaps and Derivatives Association will not have a cancellation feature. At a conference hosted by Markit in New York on Thursday, members of the dealer group that created the new contract said the cancellation feature makes ...

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