Credit Derivatives Trading: Streamlining the Process
Interactive

Credit Derivatives Trading: Streamlining the Process

Intuition Publishing
Updated Sep 24, 2020

Significant volume increases in credit derivatives generated a major operational problem in the CDS market due to the customized nature of the products. The decision to move to central clearing increased the need for standardization. Here we examine operational efficiencies, ISDA protocols, trading standardization, and restructuring.