Sentences with phrase «default swaps as»

The Vatican is denouncing offshore tax havens and financial instruments such as derivatives and credit default swaps as gravely immoral and unjust, calling them «ticking time bombs» that hurt the world's poor the most.

This applies to credit default swaps as well — on the other side of the trade there is a guy saying, «What a nice yield.»

Although credit default swaps have been highly criticized for their role in the recent financial crisis, most observers conclude that using credit default swaps as a hedging device has a useful purpose.

Some readers will recognize the credit default swap as the catalyst for the housing market crash, as seen in the popular film, The Big Short or Margin Call.

Not exact matches

If you like, you could further magnify the returns by shorting house price indexes or buying default swaps on the regions we heavily target or shorting the banks that have significant exposure in those regions as we would be increasing their default rate (note — need to investigate the short aspect for legality).

Only Physical Gold is gold, certificates saying you own gold are worth nothing, like a credit default swaps they are only as good as the institution issuing them and if the system collapses so do your certificates.

Tax cuts on wealth are promoted as if they will be invested rather than used to pay the financial sector more interest or be gambled on currencies and exchange rates, interest rates, stock and bond prices, credit default swaps and kindred derivatives.

Figuring out ways to regulate trading by sophisticated investors in derivatives, which go by exotic names such as «currency forwards» and «credit default swaps,» is a hot topic in international policy circles, largely because failures on this murky side of the market are blamed for the 2008 global credit meltdown and the recession that followed.

Getting the ISDA to classify the bond swap as a «credit event» enables holdouts to collect default insurance from their counterparties.

The cost of insuring Vivendi bonds using credit - default swaps increased as much as 4 basis points, or 2 percent, to 203 basis points today, according to Bloomberg prices.

As a somewhat recent college grad who vividly remembers what it's like scraping together part - time income just to have something to invest, I'm hoping I'll be a little more successful at showing you how to invest with little money, than the 60 year - old bankers explaining credit default swaps to fresh faced new hires.

Excessive speculation, lenient mortgage lending, and the proliferation of derivative financial products such as credit default swaps contribute to the problem.

Trading volume for credit default swaps on French government debt also surged as spreads spiked.

Initially the clearing house was called ICE Trust but later was renamed ICE Clear Credit and launched in March 2009 as the world's first credit default swap clearinghouse.

Accompanying that growth has been innovation and broader usage of a range of investment vehicles such as exchange - traded funds (ETFs), credit default swaps (CDS), collateralized loan obligations (CLO) and total return swaps (TRS).

Half of the bailout money effectively went in the front door of AIG and then out the backdoor to the big Wall Street banks and hedge funds that had used AIG as their counterparty to guarantee their bets on Credit Default Swaps.)

But long before regulators were publicly discussing bringing stability to the credit default swap market, the Intercontinental Exchange plunged in, clearing $ 12 trillion gross in notional amounts from July 27, 2009, to September 21 this year as a service to banks that arrange CDSs.

Sure, it can occasionally persuade me to swap heels for boots and tights, but even in Winter, I still default to my ole faithfuls.Thankfully I do have a few pieces, like this heavier wool blazer, that help me bundle up, but otherwise I'm business as usual.

Swinger defined as persons who participate in common activities swapping, this default or well - organized political parties or even dinner and lunch.

Unlike the slick suits and killer sheen of Oliver Stone's Wall Street, this is a world of chaos and disorder filled with misfits who understand numbers more than people; from Christian Bale's Michael Burry, a socially awkward heavy - metal enthusiast who dreams up the credit default swaps that enable him to «short» the housing market, to Steve Carell's bereaved and fractured Mark Baum (a character inspired by the real - life Steve Eisman) who balances moral outrage and repressed self - loathing as he swims with sharks in the cesspool of the financial market.

If the film were described as a tutorial on MBS (Mortgage - backed Securities), CDO (Collateralized Debt Obligations), Credit Default Swaps, Tranches, Bond Ratings, and Sub-Prime ARMs, most people's eyes would glaze over and they would keep skimming for showtimes of other new movie releases.

As a polysyllabic spree of technical verbiage («collateralized debt obligations,» «credit default swaps»), it's far too dry for the «Talladega Nights» crowd, to name one of the many silly Will Ferrell comedies directed by Adam McKay, this film's co-writer and director.

The eccentrics extolled in the opening scene include Michael Burry (Christian Bale), a Northern California — based MD and money manager who invents the credit default swap in the mid-Aughts, when the film's central action kicks off; Mark Baum (Steve Carell, also hideously coiffed), an obnoxious hedge fund manager whose backstory involving a dead - by - suicide brother somehow positions him as the film's most steadfast moral compass; and Ben Rickert (Brad Pitt), a onetime trader for Chase turned secular eschatologist who advises two young, aspiring operators, Jamie Shipley (Finn Wittrock) and Charlie Geller (John Magaro), how to bet against Wall Street.

Over the course of a month when Mother Nature could not decide which season it was in New York City, credit market swap (CDS) market participants as a whole decided credit default insurance was too high.

Props to Michael Lewis for this one, I've often sent this quote from The Big Short (with credit to Lewis) to people who are confused about the instrument known as the credit default swap.

In similar fashion to Watsa, he had invested in credit default swaps and saw them nearly quadruple in value as the underlying loans started to default.

Finally, if AIG had defaulted, Goldman Sachs would have been forced to bear the risk of further declines in the market value of the approximately $ 4.3 billion in CDOs that it transferred to the Maiden Lane III portfolio as well as approximately $ 5.5 billion for its credit default swaps that were not part of the Maiden Lane III portfolio; Maiden Lane III removed any risk for the $ 4.3 billion within that portfolio, and continued Government backing of AIG provided Goldman Sachs with ongoing protection against an AIG default on the remaining $ 5.5 billion.

Referring to just two sets of transactions, the complaint says, «on information and belief, the net decrease in value to the funds as a result of the May 3 novation of credit default swaps... was $ 6,199,587 [and]... as a result of the May 8 novation of credit default swaps was $ 10,9111,290».

For the early part of any credit - related decline in bond prices, there are obvious hedges, such as credit default swaps, short Treasury bond futures positions and inverse Treasury ETFs.

It doesn't appear that the concerns over the swaps were ever put in terms of systemic risk but rather as just something that had higher than expected likelihood of default.

Mortgage brokers lying, banks not reviewing paperwork, applying policies designed for first time buyers to 3 times as many folks buying their 2nd, 3rd, 4th etc home, appraisers giving banks whatever values they wanted on appraisals, rating agencies doing likewise for CDO's, insurers issuing credit default swaps without even a fraction of the backing needed.

Since most community banks weren't deeply involved in credit default swaps and other esoteric financial engineering, they didn't fall in price as much as the big banks did in 2008.

Derivatives such as credit default swaps also increased the linkage between large financial institutions.

In addition to this, large financial institutions, such as AIG started to sell another product called CDS (credit default swaps), considered an insurance product against MBSs.

And panic there is: even with the rebound of the past two days, the stock is down 44 % since the Deepwater Horizon accident, the credit - default swap spreads have widened to all - time highs, seven analysts have cut their rating this week alone, and well - known energy investment banker Matt Simmons said on Wednesday that «I don't think BP is going to last as a company for more than a matter of months.»

This portfolio invests in derivative instruments such as swaps, options, futures contracts, forward currency contracts, indexed and asset - backed securities, to be announced (TBAs) securities, interest rate swaps, credit default swaps, and certain exchange - traded funds that involve risks including liquidity, interest rate, market, currency, counterparty, credit and management risks, mispricing or improper valuation, low correlation with the underlying asset, rate, or index and could lose more than originally invested.

As a somewhat recent college grad who vividly remembers what it's like scraping together part - time income just to have something to invest, I'm hoping I'll be a little more successful at showing you how to invest with little money, than the 60 year - old bankers explaining credit default swaps to fresh faced new hires.

Paulson became world - famous in 2007 by shorting the US housing market, as he foresaw the subprime mortgage crisis and bet against mortgage backed securities by investing in credit default swaps.

And you said over and over and over again and one of the things that you know there's a study done of credit default swaps after the after the financial crisis because that was what people were you know keying in on as to how risky were bonds because well what were the credit default swaps selling out.

Additionally, they may also purchase credit default swaps on sovereign debt throughout the Eurozone, as insurance against any possible debt defaults.

It is structured as a security with an embedded credit default swap allowing the issuer to transfer a specific credit risk to credit investors.

He railed against derivatives as weapons of mass destruction, and now turns out to have been sitting on a $ 68 billion pile of credit default swaps and exotic put options on various stock market indexes.

LCH.Clearnet, the result of a merger between the London Clearing House and Clearnet, acts as a CCP for a wide variety of financial products, from equities and commodities to credit default swaps and interest rate swaps.

In contrast, our insured credit default swap contracts do not contain the typical CDS market standard features as described above but have been customized to replicate our financial guarantee insurance policies.

The carrying value and the fair value of the facility as of December 31, 2007 represents the present value of the differential in the spreads between the Company's credit default swap spreads and the yield applicable to the CPCT facility.

[4] In the United States, as part of the Obama financial regulatory reform plan of 2009, pressure has been placed on traders of derivatives such as credit default swaps (CDS) to make their trades on an open exchange with a clearinghouse.

As far as the credit default swaps on the insurance subs, exactly what is the reference issue and the triggeAs far as the credit default swaps on the insurance subs, exactly what is the reference issue and the triggeas the credit default swaps on the insurance subs, exactly what is the reference issue and the trigger?

In turn, financial wizards making bets with CDOs and credit default swaps used subprime mortgages as the raw material for their speculations.

Credit default swaps were seen as easy money for banks when they were first launched more than a decade ago.

We generally provided credit default swap protection on the most senior liabilities of structured finance transactions, and at inception of the contract our exposure generally had more subordination than needed to achieve triple - A ratings from credit rating agencies (referred to as «Super Triple - A» exposure).