Tag: MBS

Major Banks Trial Credit-Default Swaps Blockchain Trading System

Several large financial institutions (JP Morgan, Citigroup, Bank of America, Credit Suisse Group) have participated in a blockchain trial involving credit-default swaps (CDS) derivative contracts. The CDS contracts became well-known after the 2008 financial crisis, when the instruments were widely-used by banks and investment firms to gain exposure to the mortgage backed securities (MBSs) market. According to a WSJ article, the experiment revealed that a certain portion of the clearing …
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