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“Greek sovereign CDS does not represent a big risk concentration”

The International Swaps and Derivatives Association’s (ISDA) departing CEO, Conrad Voldstad speaks exclusively to Euromoney.


With sovereign debt being at the core of the world’s woes, it is interesting that the International Swaps and Derivatives Association’s (ISDA) official message is that sovereign credit-default-swaps (CDS) are not as bad as the media makes out to be.


In an exclusive interview with the International Swaps and Derivatives Association’s (ISDA) departing CEO, Conrad Voldstad said:



He has been surprised by the frenzy around what he says amounts to a "relatively small credit event".

“Compared with the notional bond market, Greek sovereign CDS does not represent a big risk concentration,” says Voldstad. He also says that as much as "99% of dealer exposures are collateralized with cash”.



For the full interview and in-depth news story, click here

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