Wednesday October 1, 2014 Search
Weather | Athens
28o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greek CDS are back in trading

Trading in credit-default swaps tied to Greek government bonds has been reported by the Depository Trust & Clearing Corp for the first time since the country undertook the biggest sovereign debt restructuring more than two years ago.

There were 74 trades covering a gross $165 million of Greek debt last week, according to the DTCC, which runs a central registry for the market and publishes data for the 1,000 most-traded entities.

A total of 292 contracts protecting a net $505 million of bonds are now outstanding, the data show.

Previous contracts insuring about $3 billion were settled in March 2012, when Greece forced investors to exchange their bonds at a loss as part of the debt restructuring.

Investors started buying protection again after the nation returned to the international bond market in April after a four-year exile.

Its a step towards more normal markets in Greece, said Athanasios Vamvakidis, the head of Group of 10 currency strategy at Bank of America Corp in London. Having an instrument to hedge will help Greece increase market access. [Bloomberg]

ekathimerini.com , Wednesday Jul 30, 2014 (20:23)  
Mario Draghi to push ECB to buy Greek, Cypriot junk loans: FT
NBG Pangaea eyes listing on foreign bourse, huge portfolio
Out-of-control unpaid bills bring PPC to its knees
Banks feel optimistic ahead of stress test results
Demolition of uninhabited homes at Roma camp goes ahead
Authorities on Wednesday went ahead with the contentious demolition of 12 uninhabited residences at a Roma camp in the northern Athenian suburb of Halandri but have postponed the relocation ...
New suburban railway station opens in Athens suburb of Tavros
Transport Minister Michalis Chrysochoidis on Wednesday inaugurated a new station on the Athens-Piraeus Proastiakos suburban railway line. The new station in Tavros, near Athens's southern co...
Inside News
SOCCER
All team sports suspended next weekend in memory of dead fan
The government announced on Monday the suspension of all team sports events in Greece scheduled for next weekend, October 4 and 5, in the memory of the Ethnikos Piraeus fan who died a few ho...
SOCCER
Karamanos punishes Michel for deeming him surplus
Atromitos forced Olympiakoss first loss this season in all competitions on Saturday to allow PAOK to go alone on top of the Super League table on Sunday. Odds-on title favorite Olympiakos l...
Inside Sports
COMMENTARY
Truth before the battle
The coalition has lost its sense of direction in the last few months. Exactly where things went off track is not the question at this stage. What is certain is that if it continues competing...
EDITORIAL
Bending the rules
The flexibility with which laws are implemented has been a fundamental cause for concern in Greece during the post-dictatorship era. Everything becomes a subject for negotiation, even in cas...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Demolition of uninhabited homes at Roma camp goes ahead
2. Mario Draghi to push ECB to buy Greek, Cypriot junk loans: FT
3. New suburban railway station opens in Athens suburb of Tavros
4. Thessaloniki transport gets more expensive
5. Smallpox decimates sheep stocks in northern Greece
6. Air-raid sirens to go off all over Greece at 11 a.m. in drill
more news
Today
This Week
1. Air-raid sirens to go off all over Greece at 11 a.m. in drill
2. Smallpox decimates sheep stocks in northern Greece
3. Truth before the battle
4. Bending the rules
5. Thessaloniki transport gets more expensive
6. Mario Draghi to push ECB to buy Greek, Cypriot 'junk' loans: FT
Today
This Week
1. Greece may opt for unusual president to avoid snap polls, Venizelos says
2. Woman allegedly buried alive by accident in northern Greece
3. Salaries in Greece continue to slide, dipping 1.4 pct in Q2
4. Should you bet with Kissinger on where the world is heading?
5. Cypriots divided by 1974 war seek Shariah hub
6. The shocking thought of euro-dollar parity
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.