Preprint
Article
Credit-Default Swaps Trading in CCPs
This version is not peer-reviewed.
Submitted:
28 February 2021
Posted:
02 March 2021
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Abstract
This paper shows the influence of CCP’s collateralization on the pricing of the Credit Default Swaps (CDS). A narrowly variant in the way the CDS seller decides over the resources in the settlement comes with a substantial change on the elements that determine the price of the CDS.
Keywords:
price discovery
; financial economics
; clearing
; credit default swaps
; collateralization
; OTC
; risk premium
; CCP.
supplementary.zip (14.56KB )
Copyright: This open access article is published under a Creative Commons CC BY 4.0 license, which permit the free download, distribution, and reuse, provided that the author and preprint are cited in any reuse.
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