By early 2001 Global was stoking its earnings by resorting to swaps of capacity with the same carrier.
Blanche Lincoln requiring banks to spin off their swaps trading units was scaled back.
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At best, changing an organizational model simply swaps one set of constraints for another.
Credit default swaps on BofA added 17.7 basis points to 355 basis points earlier this afternoon.
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Ratings downgrades make it harder for banks to sell credit-default swaps tied to bonds or loans.
It also builds on earlier proposals to rein in over-the-counter derivatives, such as credit-default swaps.
Swaps are among the most profitable types of financial derivatives carried out by the banks.
There are more complicated arrangements, which involve trading one type of asset for another, called 'swaps.
Many traders follow an index of credit default swaps that tracks values of subprime debt.
George Hundt used to trade interest rate swaps at the midtown Manhattan office of JPMorgan Chase.
The biggest U.S. banks are the biggest dealers, controlling 96% of the swaps market.
It ignored, for instance, the rise of risky, exotic new financial instruments, primarily credit-default swaps.
Made by Dutch electronics giant Philips, the bulb swaps filaments for light-emitting diodes to provide illumination.
Other speculation has focused on unscrupulous store employees raiding storerooms to make similar swaps.
Such objectives are achieved through the use swaps, futures contracts and other derivative instruments.
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Greene became a billionaire by buying credit default swaps on subprime mortgage-backed bonds as housing crashed.
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To that vital end House Republicans re-endorse tax reform that swaps lower rates for fewer loopholes.
Specifically, Central Dauphin entered into interest rate swaps with the cash it had on hand.
The only way to hedge that debt was to buy default insurance via the swaps market.
The total amount of U.S. credit default swaps outstanding is low, relative to many European countries.
Credit default swaps becoming more exchange-oriented with centralized clearing perhaps even a consolidated tape.
Some of these assets are extremely complicated: credit derivatives, collateralized debt obligations, credit defaults swaps.
This triggers the credit default swaps (CDS) that were written on those bonds from that bank.
Banks bought protection on credit derivatives from monolines in the form of credit-default swaps.
Therefore, Feldstein recommends shorting the credit of JFE Steel via its credit default swaps.
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Prices of credit-default swaps, a form of insurance against default, hit record levels on January 20th.
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Volumes have been rising, partly because swaps cannot be squeezed in the same way as bonds.
Credit-default swaps, or CDS, are insurance-like contracts designed to pay off when creditors aren't paid back.
The pair had been negotiating the details of land swaps based on one-for-one exchanges.
Default swaps in essence grant an option on default to the buyer of protection.
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