Print PDF "Understanding the New Standard North American Credit Default Swap" by Jon Kibbe, Julia Lu and Jennifer Grady

March 18, 2009

Three weeks from now, documentation and market practice for credit default swaps will change dramatically as part of an aggressive initiative to improve the functioning and efficiency of the CDS market. This memorandum, written by our partners Jon Kibbe, Julia Lu and Jennifer Grady, describe these important changes, which are part of an evolving, market-wide effort to reduce systemic risk and increase certainty, consistency and transparency in the CDS market.

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