Recent content by assadb

ok so if I understand if I want to sell a protection a HY with spread at 100bps semin annual for notional 1M I will recieve every 6 months 100*0.001*1M =100k If there is a defulat I will have to pay for the notiona minus the recovery: 1M ( 1 - R ) if R =40% The maximum I can pay should be 600k...

I agree but is there a plan or a schedule to get a market for cds as we do for index futures for example or options, with a margin account and margin calls? My understanding was that we were going in that direction given the fact that OTC credit derivatives exponential growth without any control...

I would like to know how do I do if I want to trade a credit default swap I know that several clearing houses are starting to clear cds with a big margin account it should not be difficult so what are the requirements, which broker should I use? thanks