Chinese version of the official release of CDs trading rules kaya scodelario

Chinese officially released version of the CDS trading rules China inter-bank market dealers association issued "guidelines" credit linked note "business, credit default swaps business guidelines" and "the inter-bank market pilot credit risk mitigation business rules", implemented as of the date of promulgation. "Credit default swap business guidelines" provisions, credit default swaps to determine product transaction credit event scope should include at least the payment default, bankruptcy, debt, debt can be incorporated into the acceleration potential acceleration of debt restructuring and other credit events at this stage, non financial enterprises of the reference entity type of debt limitedto registered dealers Association issued the non-financial corporate debt financing instruments, the scope of the NAFMII will according to the development needs of the market and gradually expand the type of debt. Credit default swaps business guidelines first to enrich the inter-bank market credit risk management tools, improve the market risk sharing mechanism, promote the sustained and healthy development of the market, according to "the inter-bank market pilot credit risk mitigation business rules" and China transactions in the inter-bank market dealers association (hereinafter referred to as the NAFMII) self rule, these guidelines are formulated. Second credit default swap refers to the transaction agreement, agreed within a certain period in the future, the credit protection of the buyer to pay the credit protection fee to the credit protection seller in accordance with the agreed standards and methods, the credit protection seller and buyer protection of financial contracts to provide credit risk protection on one or more reference entities agreed to belong to credit. A contract of credit risk mitigation tools. Third credit risk mitigation tools business participants (referred to as participants) to carry out credit default swaps should determine the reference entity (including but not limited to the enterprise, company, partnership, sovereign state or international institutions), and should be based on the type of debt and debt of the debt method for determination of the protected range of debt. At present, the non-financial corporate debt is limited to the reference entity types in the registered dealers association issued by non-financial corporate debt financing instruments, the scope of financial derivatives dealers association Specialized Committee will according to the development needs of the market and gradually expand the type of debt. Fourth credit default swap products to determine the scope of the transaction should be included in the credit event of default payment, bankruptcy. According to the actual credit situation of the reference entity is different, can be included in the accelerated maturity of debt, debt and other debt due to the accelerated maturity of the debt crisis. Article fifth these Guidelines shall be interpreted by the Secretariat of the association of dealers. Article sixth these Guidelines shall be implemented as of the date of promulgation. Other documents credit linked notes business guidelines Article 1 in order to enrich the inter-bank market credit risk management tools, improve the market risk sharing mechanism, promote the sustained and healthy development of the market, according to "the inter-bank market pilot credit risk mitigation business rules" and China inter-bank market dealers association (hereinafter referred to as the NAFMII) self rule, these guidelines are formulated. Second credit linked notes created by the creation of institutions refers to investors, investment returns and the reference entity credit status of investors with cash collateral linked to credit derivatives, which belongs to a proof of credit risk mitigation tools. Third credit risk mitigation tool business participants can be used as investors to subscribe and transfer credit linked notes. Fourth credits.相关的主题文章: