Half of the outstanding credit derivatives trades were torn up in 2008, according to a report by the Financial Times.
This was part of an industry-wide effort to clean up the process, which has included calls for a central clearing house.
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Banks Cancel 30 Trillion Dollars Worth Of Credit Derivatives In 2008
Half of the outstanding credit derivatives trades were torn up in 2008, according to a report by the Financial Times. This was part of an industry wide effort to clean up the process, which has included calls for a central