Starting in May, you'll be able to buy CDS on index futures.
In another twist, the futures will be tied to an index that won’t be determined until the day of final settlement.
This is a repost from dealbreaker ... it was too good to not put here.
Sell them that which they do not understand.
http://dealbreaker.com/2013/03/derivative-of-derided-derivatives-in-the…
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