Under new schedule CDS trades roll to new “on the run” contract semi-annually
The International Swaps
and Derivatives Association (Isda) recommended on Wednesday a
reduction in the number of roll dates for single name credit
default swaps (CDS) in a bid to revive liquidity in the
flagging CDS market.
The trade body, which
represents some of the world’s largest banks, has
proposed the industry adopt a new standard schedule that would
see single name CDS transactions roll to a new "on the run"
contract semi-annually rather than quarterly.
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