"Single-Name Credit Default Swaps: A Primer" by Richard Lee

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May 2, 2016

The last few months have seen a revival of interest in single-name credit default swaps (“CDS”) by hedge funds and other buy-side firms looking to hedge or otherwise express a market view in the midst of elevated volatility in the credit markets. At the same time, reversing a trend, new dealer firms have entered or announced intentions to enter the single-name CDS market. Nonetheless, significant challenges remain before the market can begin to approach pre-crisis levels of trading activity. 

In this client alert, RK&O counsel  Richard J. Lee recaps the current state of the market and highlights some considerations for parties looking to re-enter the market.

Please click here to read the client alert.