Credit Default Swap Index

Trading, messaging and analytics tools designed with your workflow in mind. Markit on Demand Markit On Demand is dedicated to the delivery and presentation of financial data, transforming complex information into elegant user experiences. First name Last name Email. Credit indices trade OTC usually.

Chart of the day: The CDX NA IG 9 basis

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We are working on a corporate rebrand for our product names. Product names might differ after login. Sign Up Forgot my password Terms of Use. Interested in Markit products? Sign up for a Markit login. First name Last name Email Phone. Markit Product s Select a Product. If the fair spread is below the annual coupon, you will be paid to enter the contract, i. CDX HY is quoted directly as the upfront or rather, it is quoted as minus the upfront, since the upfront can be negative, and dealers want to avoid using negative prices.

Converting this to basis points gives By clicking "Post Your Answer", you acknowledge that you have read our updated terms of service , privacy policy and cookie policy , and that your continued use of the website is subject to these policies.

Home Questions Tags Users Unanswered. Reliability of CDS indices? Chris Taylor Chris Taylor 3, 9 Historically, CDS indices have always been traded as a bilateral contracts directly between parties.

This brings with it the additional risk of counterparty default - where one party to a trade fails to meet its obligations under the trade.

In this model, both parties to the trade face the CCP, and all members of the CCP pay into a fund to cover costs in the event that one member defaults. Clearnet [12] in There are different families of iTraxx credit default swap index broken down by geographical region consisting of Europe, Asia and a Sterling denominated index.

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Derivatives Credit derivative Futures exchange Hybrid security. Foreign exchange Currency Exchange rate. Retrieved March 30, Not with a bang - The Economist". Archived from the original on Retrieved 30 March Retrieved from " https: