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/biz/ - Business & Finance

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10498357 No.10498357 [Reply] [Original]

Redpill me on credit default swaps

Can I really pay someone’s insurance premiums and get a hugeass payout without owning anything?

>> No.10498429

>>10498357
Where do you even get access to CDS trades?
I know a bit about them, and that they allow speculators to hedge against (or bet on) the default of a major company on a credit line.

Useful stuff, I just wonder where you get access to these markets.

>> No.10498576

You guys are probably a few million short of the capital requirements for an ISDA. I would call Ben

>> No.10498598

>>10498576
this

>> No.10499109

IIRC they are accessible to retail traders too, it’s just annoying finding them

>> No.10499224

Reminder that the person behind cds is backing link
You have been warned

>> No.10499248

>>10498357
I had several highly intelligent friends who traded CDS for large hedge funds. They were ALWAYS stressed out and had to monitor that shit 24/7. If you don't remember, CDS is what caused the 2008 crash. Tough stuff to master. Oh you also need to be insanely wealthy.

>> No.10500064

>>10499224
Wait what?