A credit default swap (CDS) is a contract that protects lenders from borrower default. Learn how a CDS works, why they’re ...

Structured credit derivatives have long been one of Citigroup’s calling cards within its global markets division. The US bank was a pioneer in the re-emergence of the bespoke tranche market over the ...

Rising interest rates and fears of a looming recession were always going to make 2023 an interesting year for credit markets. But even as borrowers defaulting on their debts moved up investors’ ...

Credit Suisse has refocused its derivatives trading strategy with a large-scale reduction in bilaterally traded instruments, as it continues to radically reduce costs across its businesses. The Swiss ...

Argentina’s debt default in 2001 was traumatic for many, not least for banks, which did little to manage their loan exposures and were badly caught out. Many have learnt their lesson and in turn have ...

It has been a roller coaster ride in the derivatives world in 2025. We look back at some of the most notable events that have ...

Some people find themselves at the right place at the right time. So it was for Terri Duhon when she joined JPMorgan in New York a decade ago. After three years on the interest rate derivatives desk, ...

Generally regarded as the most comprehensive report of its kind, the British Bankers Associations most recent survey of the 25 leading dealers in the credit derivatives market finds that the global ...

BNP Paribas does not have the world’s largest credit derivatives business. Depending on how it is measured, that honour probably lies with JPMorgan, although Deutsche Bank and Goldman Sachs are also ...

A “roll” of credit default swap contracts at the end of March should be a short-term boost for the credit derivatives index market and lead to outperformance, according to Fraser Lundie, head of fixed ...

The $650 trillion derivatives market is a nightmare scenario waiting to happen. First problem: the size. It's 36 times the size of the U.S. GDP and over eight times larger than the world GDP, that is, ...