Latest News:
news, comment, analysis and data on the global business of credit trading and investing
Loan only credit default swap (LCDS)
A credit default swap in which a credit event can be triggered by any of the reference entity's debt obligations but in which only obligations of a certain seniority can be delivered.
Loan-only credit default swap spreads should move in line with loan prices rather than with bond spreads and therefore allow traders to go short loans and to take a view on secured debt against other parts of the reference entity's capital structure.
Related stories
- Eircom auction sees decent recovery value for loans 17 days ago
- Initial results of Eircom LCDS auction indicate likely decent... 19 days ago
- Lafarge Roofing auction delivers high recovery for loan 1 month ago
- Lafarge Roofing LCDS auction delivers high recovery in first... 1 month ago
- Boston Generating LCDS settles at high final price 1 year ago
- Date scheduled for power company LCDS auction 1 year ago
- New contract fails to ignite LCDS market 2 years ago
- LCDX rolls cautiously as traders price in contract changes 2 years ago
- Markit confirms LCDX roll and index changes 2 years ago
