A couple weeks ago I read somewhere, but I can't find it now, that something big & probably bad could happen with CDS's on 23rd November. I vaguely recall that it was some sort of CDS auction. Hence, last week I looked up credit default swaps on Wikopedia. Heres the link:
http://en.wikipedia.org/wiki/Credit_default_swap
Does anybody have a link re CDSs coming to a crunch this week or not. Sorry to be so vague, but I can't find the earlier article that I read.
derivative market losses starting to emerge, page-11
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