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CDS dealers to make new clearing pledge, says Reuters
Wednesday, September 2, 2009
Reuters reports that credit derivative dealers will promise to submit 95% of eligible trades to central counterparties from the beginning of October. The commitment will come in a letter due to be sent to the New York Fed today, according to the article. The banks will commit to send 95% of trades to a clearer, with the goal of having 80% of these trades cleared, says Reuters.
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CFlux secondary
CLO index levels:
| Index | 6 Feb |
|
| CFlux USD AAA | ↑ | 94.9 |
| CFlux USD AA | ↓ | 81.3 |
| CFlux USD A | ↓ | 75.0 |
| CFlux USD BBB | ↑ | 74.8 |
| CFlux USD BB | ↑ |
72.1 |
| CFlux USD EQ | ↑ | 67.6 |
