- Joined
- Jun 21, 2007
- Messages
- 4,656
- Reaction score
- 643
- Location
- Suburbia
- Gender
- Male
- Political Leaning
- Independent
What regulations should be proposed for Credit Default Swaps? Other mortgage derivatives?
What disclosure should be required?
CDS as source of hte problem?
"The Fed could not let Bear Stearns enter bankruptcy because - and only because - the trillions of dollars of credit default swaps on its books would be wiped out. All the banks and institutions that had insurance written by Bear would not be able to say that they were insured or hedged anymore and they would have to write-down billions and billions of dollars in losses that they’ve been carrying at higher values because they could say that they were insured for those losses."
Credit default swaps: The Real Reason for the Global Financial Crisis...the Story No One's Talking About. | Twine
"What happened to AIG is simple: AIG got greedy. AIG, as of June 30, had written $441 billion worth of swaps on corporate bonds, and worse, mortgage-backed securities. As the value of these insured-referenced entities fell, AIG had massive write-downs and additionally had to post more collateral. And when its ratings were downgraded on Monday evening, the company had to post even more collateral, which it didn’t have.
In short, what happened in one small AIG corporate subsidiary blew apart the largest insurance company in the world.
But there’s more - a lot more. These instruments are causing many of the massive write-downs at banks, investment banks and insurance companies. Knowing what all this means for hedge funds, the credit markets and the stock market is the key to understanding where this might end and how. "
Credit default swaps: The Real Reason for the Global Financial Crisis...the Story No One's Talking About.
"Recent Releases
ISDA Master Agreements and Bridges
ISDA Credit Support Documentation, User's Guides and Guidelines
ISDA Master Give-Up Agreement and Compensation Agreement
ISDA Commodity Definitions, Exhibits Annexes and Confirmations (including Bullion)
ISDA Credit Derivatives Definitions, Supplements and Commentaries
ISDA Equity Derivatives Definitions and Confirmations
FX and Currency Option Definitions, Annex, Supplements and User's Guide
ISDA Government Bond Option Definitions and Confirmation
ISDA Convertible Asset Swap and Convertible Asset Option
ISDA Inflation Derivatives Definitions
ISDA Interest Rate and Currency Derivative Definitions, Confirmations and Supplements
Property Index Derivatives Definitions
Covered Bond Transactions – Riders to Schedule to the ISDA Master Agreement
Total Return Swap Documentation
ISDA Operations Materials, Novation Agreement and User's Guide
ISDA Protocols, EMU and Euro Materials and Guidebook
User’s Guide to FpML® 4 – 2006 Edition
ISDA Risk Management Materials
Trading Book Compendium
Miscellaneous ISDA Documents
Special Package Discounts
Complete Documentation Package
Multiple Hard Copy Discount
Reprint Requests"
ISDA - International Swaps and Derivatives Association, Inc.
..
What disclosure should be required?
CDS as source of hte problem?
"The Fed could not let Bear Stearns enter bankruptcy because - and only because - the trillions of dollars of credit default swaps on its books would be wiped out. All the banks and institutions that had insurance written by Bear would not be able to say that they were insured or hedged anymore and they would have to write-down billions and billions of dollars in losses that they’ve been carrying at higher values because they could say that they were insured for those losses."
Credit default swaps: The Real Reason for the Global Financial Crisis...the Story No One's Talking About. | Twine
"What happened to AIG is simple: AIG got greedy. AIG, as of June 30, had written $441 billion worth of swaps on corporate bonds, and worse, mortgage-backed securities. As the value of these insured-referenced entities fell, AIG had massive write-downs and additionally had to post more collateral. And when its ratings were downgraded on Monday evening, the company had to post even more collateral, which it didn’t have.
In short, what happened in one small AIG corporate subsidiary blew apart the largest insurance company in the world.
But there’s more - a lot more. These instruments are causing many of the massive write-downs at banks, investment banks and insurance companies. Knowing what all this means for hedge funds, the credit markets and the stock market is the key to understanding where this might end and how. "
Credit default swaps: The Real Reason for the Global Financial Crisis...the Story No One's Talking About.
"Recent Releases
ISDA Master Agreements and Bridges
ISDA Credit Support Documentation, User's Guides and Guidelines
ISDA Master Give-Up Agreement and Compensation Agreement
ISDA Commodity Definitions, Exhibits Annexes and Confirmations (including Bullion)
ISDA Credit Derivatives Definitions, Supplements and Commentaries
ISDA Equity Derivatives Definitions and Confirmations
FX and Currency Option Definitions, Annex, Supplements and User's Guide
ISDA Government Bond Option Definitions and Confirmation
ISDA Convertible Asset Swap and Convertible Asset Option
ISDA Inflation Derivatives Definitions
ISDA Interest Rate and Currency Derivative Definitions, Confirmations and Supplements
Property Index Derivatives Definitions
Covered Bond Transactions – Riders to Schedule to the ISDA Master Agreement
Total Return Swap Documentation
ISDA Operations Materials, Novation Agreement and User's Guide
ISDA Protocols, EMU and Euro Materials and Guidebook
User’s Guide to FpML® 4 – 2006 Edition
ISDA Risk Management Materials
Trading Book Compendium
Miscellaneous ISDA Documents
Special Package Discounts
Complete Documentation Package
Multiple Hard Copy Discount
Reprint Requests"
ISDA - International Swaps and Derivatives Association, Inc.
..