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New Credit Default Swap Indices

Good news:

Standard & Poor’s announced that it is set to launch three U.S. based Credit Default Swap (CDS) indices focused in the $28.8 trillion Credit Derivatives Market. The S&P U.S. Investment Grade CDS Index, the S&P U.S. High Yield CDS Index and the S&P 100 CDS Index will be launched during the first quarter of 2008. A credit default swap is an agreement between two parties to exchange the credit risk of an issuer.

Even better would be that the indices end up traded on exchanges like the Merc as recent events have shown that the derivatives cartel is totally unable to maintain orderly markets.

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Posted by jck at 10:27 am EST on November 29th, 2007 |

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