Was reading that in a corporate reorganisation or a merger, CDS contracts might end up referencing an entity that no longer has any debt.
What does this mean for the CDS? No debt in this entity means no payout when some other entities in the company end up defaulting?
| +161 | As Lehman people reconvene at UBS, Barclays needs to hire (2023) | 23 | 23h |
| +133 | Is pay at BofA really that bad? | 64 | 8h |
| +90 | Day at Macquarie | 12 | 1d |
| +81 | Worlds Worst MDs Competition (2026 Edition) | 17 | 8h |
| +46 | How bad did I mess up | 10 | 1d |
| +33 | Lindsay Clancy - Thoughts from A2 | 6 | 5h |
| +31 | Misrepresented Houston IB | 14 | 2d |
| +29 | No BB RO 2026 | 10 | 3d |
| +29 | JPM SMALL CAP or WF/JEF/RBC Coverage group | 13 | 1d |
| +24 | T(ouse)D Securities | 9 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Voluptatem repudiandae et error distinctio ullam corporis. Nesciunt eum impedit quam laudantium quod. Esse excepturi delectus officiis eligendi nam alias.
Aut dolore consequuntur autem placeat. Nihil aperiam sunt at. Quae assumenda mollitia enim illum.
Eos voluptatibus laborum cupiditate repudiandae recusandae. Voluptate fuga non qui rem. Deserunt quidem expedita deleniti hic voluptatem debitis aperiam. Consequatur eveniet aut adipisci repellendus.
Ut dolore ut ut aut. Ut enim non alias aliquam. Magnam quibusdam earum ut laudantium voluptatem omnis sed. Suscipit ea voluptatem molestiae aut omnis. Suscipit necessitatibus unde quam non. Sint ab neque recusandae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...