Europe launches fixed prices on CDS indices
April 2005 - US Credit
This article discusses the launch of fixings in the credit default swap market. The story indicates that a market for
second generation credit derivatives is now closer due to the coming of regular fixings. The story quotes Creditex CEO Sunil
Hirani saying that as the market matures, the demand for a reference benchmark rates is strong. He likens the coming of the
fixings in the CDS market to what happened in interest rate swaps with the establishment of Libor. The story concludes that
the fixings process will expand from Europe to the US.
