LCDS Mart Debates Upfront Trading Changes

25 Jan 2008

Some dealers are pushing to trade loan-only credit-default swaps on a points upfront basis instead of trading on a spread.

Some dealers are pushing to trade loan-only credit-default swaps on a points upfront basis instead of trading on a spread. But the move is being dismissed by some buysiders as a short-sighted fix for the larger problem of unwinding these contracts. Unwinding contracts is an issue because when ...

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