Talk:Credit default swap

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Re-gig the first three paragraphs

I know what CDS's are, but the first two paragraphs are way too complicated to introduce people to this rather complex instrument.

Agree. Need Why Banks Did CDS

This article is missing from its description why a bank would engage in a credit default swap. I have no additional citations than offered above, but the benefit to a bank was to open up their ability to lend more money, in essence creating money by passing the responsibility for their debt to someone else. This essentially created a false economy worth trillions of dollars, much of which was directed toward risky real estate. Our current "recovery" is impossible because there was no real economy as strong as what we thought existed in 2008. It was money fabricated through CDS. These days banks must back their debt and are hoarding money to do so, as a result much money is not in general circulation. PushHardly (talk) 14:07, 12 May 2014 (UTC)

Quotes for CDS

Is it possible to have a quote for CDS contracts, for example on the ICE Exchange? — Preceding unsigned comment added by 80.246.130.38 (talk) 18:07, 24 July 2018 (UTC)

Props to the editors

Whoever wrote the Uses section is a god-damned genius. Props to the editor(s) 03:49, 24 March 2020 (UTC) — Preceding unsigned comment added by 74.76.172.231 (talk)

External links

Further information: Wikipedia: External links

Some things just grow during incremental edits and sometimes get out of hand. The "External links" section, one of the optional appendices, was expanded to 32 entries, organized into two subsections. Three seems to be an acceptable number, and of course, everyone has their favorite to try to add for a fourth. Consensus needs to determine this.

• A tag indicates concerns about links. However, none is needed for article promotion.

Some links may be included in WP:ELNO, or What Wikipedia is not (policy) such as WP:NOTREPOSITORY or WP:NOTGUIDE.

• WP:ELDEAD may apply.
• ELCITE applies: Do not use {{cite web}} or other citation templates in the External links section. Citation templates are permitted in the Further reading section. Others, listed below:
• ELpoints #3) states: Links in the "External links" section should be kept to a minimum. A lack of external links or a small number of external links is not a reason to add external links.
• LINKFARM states: There is nothing wrong with adding one or more useful content-relevant links to the external links section of an article; however, excessive lists can dwarf articles and detract from the purpose of Wikipedia. On articles about topics with many fansites, for example, including a link to one major fansite may be appropriate.
• ELMIN: Minimize the number of links.

The External links guideline This page in a nutshell: External links in an article can be helpful to the reader, but they should be kept minimal, meritable, and directly relevant to the article. With rare exceptions, external links should not be used in the body of an article.

Second paragraph, acceptable external links include those that contain further research that is accurate and on-topic, information that could not be added to the article for reasons such as copyright or amount of detail, or other meaningful, relevant content that is not suitable for inclusion in an article for reasons unrelated to its accuracy.

• • Please also note:
• WP:ELBURDEN: Disputed links should be excluded by default unless and until there is a consensus to include them. Please do not add back more links without consensus. Simple solution to facilitate career maintenance tag. Move links here for discussion.

Moved links:

• Understanding Derivatives: Markets and Infrastructure Federal Reserve Bank of Chicago, Financial Markets Group
• BIS - Regular Publications. Bank for International Settlements.
• A Beginner's Guide to Credit Derivatives - Nomura International Probability.net
• "A billion-dollar game for bond managers". Financial Times.
• Duffie, Darrell (1998). "Credit Swap Valuation". Stanford Graduate School of Business. CiteSeerX 10.1.1.139.4044. {{cite journal}}: Cite journal requires |journal= (help)
• John C. Hull and Alan White. "Valuing Credit Default Swaps I: No Counterparty Default Risk". University of Toronto.
• Hull, J. C. and A. White, Valuing Credit Default Swaps II: Modeling Default Correlations. Smartquant.com
• Elton et al., Explaining the rate spread on corporate bonds
• Warren Buffett on Derivatives - Excerpts from the Berkshire Hathaway annual report for 2002. fintools.com
• The Real Reason for the Global Financial Crisis. Financial Sense Archive
• Demystifying the Credit Crunch. Private Equity Council.
• "The AIG Bailout" William Sjostrom, Jr.
• List of CDS premiums of various countries in English translation from German

News

• Zweig, Phillip L. (July 1997), BusinessWeek New ways to dice up debt - Suddenly, credit derivatives-deals that spread credit risk--are surging
• Goodman, Peter (Oct 2008) New York Times The spectacular boom and calamitous bust in derivatives trading
• Pulliam, Susan and Ng, Serena (January 18, 2008), Wall Street Journal: "Default Fears Unnerve Markets"
• Das, Satayjit (February 5, 2008), Financial Times: "CDS market may create added risks"
• Morgenson, Gretchen (February 17, 2008), New York Times: "Arcane Market is Next to Face Big Credit Test"
• March 17, 2008 Credit Default Swaps: The Next Crisis?, Time
• Schwartz, Nelson D. and Creswell, Julie (March 23, 2008), New York Times: "Who Created This Monster?"
• Evans, David (May 20, 2008), Bloomberg: "Hedge Funds in Swaps Face Peril With Rising Junk Bond Defaults"
• van Duyn, Aline (May 28, 2008), Financial Times: "Moody's issues warning on CDS risks"
• Morgenson, Gretchen (June 1, 2008), New York Times: "First Comes the Swap. Then It’s the Knives."
• Kelleher, James B. (September 18, 2008), Reuters: "Buffett's 'time bomb' goes off on Wall Street."
• Morgenson, Gretchen (September 27, 2008), New York Times: "Behind Insurer’s Crisis, Blind Eye to a Web of Risk"
• Varchaver, Nicholas and Benner, Katie (Sep 2008), Fortune Magazine: "The $55 Trillion Question" - on CDS spotlight during the 2008 financial crisis
• Dizard, John (October 23, 2006). "A billion dollar game". Financial Times. Archived from the original on April 6, 2009. Retrieved October 19, 2008.
• October 19, 2008, Portfolio.com: "Why the CDS Market Didn't Fail" Analyzes the CDS market's performance in the Lehman Bros. bankruptcy.
• Boumlouka, Makrem (April 8, 2009), Wall Street Letter: "Credit Default Swap Market: "Big Bang"? ^{[permanent dead link]}". -- Otr500 (talk) 07:12, 19 July 2025 (UTC)

This is an archive, go to the current talk page.

There is no other "curent" page, there is not "archive" page, and I seriously doubt the honesty of the person who put these flags up. 119.234.68.187 (talk) 18:34, 24 July 2025 (UTC)