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Long CDS Vs Short CDS - CONFUSION
Fellas, I am confused about the Long and Short terminology we use in relation to Credit Default Swaps (CDS). Ideally when I say 'Long' it means to be a buyer. Ex: Long AAPL (Buy AAPL) but is it the same with CDS? I think it is inverted and the second option is true. 1.) Long CDS = Buy Credit...
Credit Default Swap Workflow
Hi, I'm new to the cds space and working on a masters paper on credit default swaps, I'm trying to understand the entire workflow of what variables and processes of how a credit default swap is made. Are there any manuals or books on how an investment bank or trader may use to analyze and perform...
Credit Derivatives info/books
Been browsing around for a book that will give a solid foundation on credit derivatives. What would be the best book(s) to read for this?
Interpretation of CDS quotes TR DataStream
Hi. I am working on a research paper for school, which involves working with CDS quotes of sovereign issuers. I came across a quite straight forward definition for a CDS contract and its denomination: "The price of a CDS is expressed in basis points per annum per year with a basis point equaling...
It could happen to you
There are myriad reasons to go into finance; some do so out of love, some do it out of spite, some do it for the prestige, while some, the vast majority for that matter, do it for the money. Thousands of monkeys head down to Wall Street every year, not for the hundreds of thousands they’ll be...
10k bet on Greek default
I have about 10k in disposable savings and a pretty strong view Greece will default within the next month. How would you guys go about (potentially) making as much money on a Greece default? As far as I know CDS aren't available to non-institutional investors (besides being really expensive at this...
My Big Fat Greek Default
The markets have been choppy of late, due in no small part to the bit of drama playing out in the EU right now. A couple of EU nations are against the ropes in a big way, and there doesn't seem to be a coherent plan in place yet to deal with this next step of the crisis. At the center of the problem...
Belgium: The forgotten pig
We are all well aware of the famous PIGS countries, but we seem to forget one tiny country in Europe. Yes, the one without any government since 284 days (and counting) . The waffle & chocolate country will win the world record for not having a government, beating Iraq with 289 days. Good job...
Credit Default Swap
Could a knowledgeable individual please explain Credit Default Swaps on a broad level? I'm a bit confused about who sold them, how they work, who gets paid in the event of bankruptcy, and what exactly happened with all the CDSs that Lehman I guess created and sold? Thanks.
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