Markit and Creditex are quietly and efficiently netting out contracts, bringing down notional amounts in single names alone by more than $1 trillion at this point.
Good news on the CDS front: Markit and Creditex are quietly and efficiently netting out contracts, bringing down notional amounts in single names alone by more than $1 trillion at this point.
http://www.portfolio.com/views/blogs/market-movers/2008/11/25/shrinking-outstanding-cds?tid=true