Examples of using Default swaps in English and their translations into German
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The credit default swaps market.
Credit default swaps hedging the loan portfolio recorded negative revenues of CHF 75 million, an increase from negative CHF 192 million a year ago.
Tagged: CDS(credit default swaps) government bonds.
Index credit default swaps, provided that the basis between any individual counterparty spread and the spreads of index credit default swap hedges is reflected in the Value-at-Risk.
Antitrust: Commission probes Credit Default Swaps market.
Credit default swaps- short selling.
The Member States in the euro area should make euro loans available, the European Central Bank should buy up debts in the same way that the Federal Service in the USA has done andcredit default swaps should be banned.
Credit default swaps- short selling.
OTC derivatives are generally divided into five broad segments: foreign exchange derivatives, interest rate derivatives, equity derivatives, commodity derivatives and credit derivatives,of which credit default swaps is the most important.
Credit default swaps: Heading towards a more stable system.
Credit protection on US RMBS CDOs, purchased from monoline insurers: USD 871 million(CHF 993 million)-primarily on credit default swaps purchased from a monoline insurer whose credit rating was downgraded to"non-investment grade.
Credit default swaps(CDS) are particularly suspicious instruments.
Though national competent authorities are better placed to monitor and have better knowledge of market developments,the overall impact of the problems related to short selling and credit default swaps can only be fully perceived in a Union context.
Empty creditors credit default swaps bargaining power real effects.
The near-collapse of Bear Sterns in March 2008, the default of Lehman Brothers on 15 September 2008 and the bail-out of AIG on 16 September highlighted thesignificant role played by derivatives in general and Credit Default Swaps(CDS) in particular.
Single-name credit default swaps or other equivalent hedging instruments referencing the counterparty directly;
Expected credit losses for other financial assets are determined upon theirfirst-time recognition primarily on the basis of credit default swaps, with expected losses from defaults within the next 12 months calculated using the Monte Carlo simulation method.
Sovereign credit default swaps should be based on the insurable interest principle whilst recognising that there can be interests in a sovereign issuer other than bond ownership.
To set an end to the current fragmented situation in which some Member States have taken divergent measures and to restrict the possibility of divergent measures being taken by competent authorities itis important to address the potential risks arising from short selling and credit default swaps in a harmonised manner.
Buying credit default swaps without having a long position in underlying sovereign debt can be, economically speaking, equivalent to taking a short position on the underlying debt instrument.
The Commission should submit a report to the European Parliament and the Council assessing the appropriateness of the reporting and public disclosure thresholds provided for, the operation of the restrictions and requirements related to the transparency of net short positionsand whether any other restrictions or conditions on short selling or credit default swaps are appropriate.
It is particularly important for credit default swaps(CDS), given the role that those products play in the financial sector: in 2013, the gross notional value of the almost 2 million active CDS contracts exceeded€ 10 trillion.
ESMA may, on the request of one or more of the competent authorities, the European Parliament, the Council or the Commission or on its own initiative conduct an inquiry into a particular issue or practice relating to short selling orrelating to the use of credit default swaps to assess whether that issue or practice poses any potential threat to financial stability or market confidence in the Union.
Assessments of risk such as sovereign interest-rate spreads and credit default swaps react(and often over-react) fast; but, because they reflect only the market's understanding of risk, they are not a systematic mechanism for uncovering hidden risks and avoiding crises.
Buying credit default swaps without having a long position in underlying sovereign debt or any assets, portfolio of assets, financial obligations or financial contracts the value of which is correlated to the value of the sovereign debt, can be, economically speaking, equivalent to taking a short position on the underlying debt instrument.
For instruments such as shares and derivatives relating to shares,sovereign bonds and derivatives relating to sovereign bonds and credit default swaps relating to sovereign issuers where taking short positions is more common and there are clearly identifiable risks or concerns, transparency requirements and requirements relating to uncovered short selling are applied.
The Council adopted a regulation on shortselling and certain aspects of credit default swaps which introduces common EU transparency requirements and harmonises the powers that regulators may use in exceptional situations where there is a serious threat to financial stability docs 6216/12+ 6216/12 ADD 1 REV 1+ PE-CONS 68/11.
Powers of intervention of competent authorities and ESMA to restrict short selling,credit default swaps and other transactions should be only of a temporary nature and should be exercised only for such a period and to the extent necessary to deal with the specific threat.
Measures relating to sovereign debt and sovereign credit default swaps including increased transparency and restrictions on uncovered short selling should impose requirements which are proportionate and at the same time avoid an adverse impact on the liquidity of sovereign bond markets and sovereign bond repurchase(repo) markets.
As this Regulation addresses only restrictions on short selling andcredit default swaps to prevent a disorderly decline in the price of a financial instrument, the need for other types of restrictions such as position limits or restrictions on products, which may give rise to serious investor protection concerns, are more appropriately considered in the context of the Commission's revision of Directive 2004/39/EC.