Bankruptcy Court Decisions: Changing settlement mechanics of credit default swaps
20 November 2007
Mayer Brown Newsletter
20 November 2007 - In recent years, the credit default swap market has grown dramatically. According to the International Swaps and Derivatives Association, in the frst six months of 2007 alone, the notional amount of outstanding CDS contracts grew from $26 trillion to $45.5 trillion, a 75 percent year -on-year increase.