A Change to Cash for CDS New Settlement Mode Part of Dealers Bid to Meet NY Fed Guidelines
IDD - January 23, 2006
The article discusses the industry's move to have CDS settle in cash when there is an underlying default. The move is
based around a desire to improve the market's efficiency as the industry overall seeks to improve operations functions and
to meet New York Federal Reserve guidelines. The article cites Creditex as one of the pioneers in bringing the cash settlement
process to the market.
