Latest news:

European reset highlights weakness in mezz despite robust senior demand
Elmwood prints eighth deal this year
Partnership with Jefferies bears fruit as manager returns to CLO primary
MGG raises more than USD 400m in first close of lower middle market fund
Cheyne returns to SRT market with eye-catching hire
US resets continue as Redding Ridge joins in
Sycamore resets and upsizes 2023 vintage CLO
Baltimore pension system puts USD 35m into private credit fund
2020 US CLO gets a refi
Blackstone refinances 2018 US CLO
CVC joins short-dated trend for latest US CLO
CSAM gets happy ending as CLO 69 prices
European WAL test language is getting a little looser finds Dealscribe
New short-dated CLO brings triple-As down to 132bps
Oaktree makes it two new US CLOs this year
Symphony refis triple-As from TIAA’s debut CLO
Sound Point refinances triple As of 2020 vintage CLO
Celebrating Women in CLOs
Neuberger Berman keeps it tight for new European CLO
Sculptor launches CLO captive equity platform

Societe Generale suggests trading steel against steel in CDS

Tuesday, October 22, 2013

Societe Generale suggests playing two of the biggest steel manufacturers against each other

TAGS: CDS Research

Comment by: Anonymous. Posted 10 years ago [2013-10-23 00:25:15]

Question: the CDS trades for this sensible-looking strategy must now go through central clearing, right? As a practical consideration, how much friction does this add? There's really no netting of collateral posted to recognize the offsetting industry risk of the long and short positions.

Related Stories

European WAL test language is getting a little looser finds Dealscribe 4 days ago
US loan volume nears record levels 4 days ago
IACPM survey finds credit PMs still gloomy, but less so than last quarter 11 days ago
Thirty years strong - new S&P report highlights resilience of CLO structures 20 days ago
Global Loan Highlights 1Q24: Don’t call it a comeback 26 days ago

Funds

MGG raises more than USD 400m in first close of lower middle market fund 23 hours ago
Cheyne returns to SRT market with eye-catching hire 23 hours ago
Baltimore pension system puts USD 35m into private credit fund 1 day ago
Allianz gears up to launch European credit impact investing fund 6 days ago
Schroders Capital adds two senior members to private debt and credit alternatives platform 7 days ago

more stories...