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November 4, 2008

Top 20 CDS by Net Exposure: Italy/Spain Rule

I’m having oodles of fun playing with the new credit default swap data. Just to get things started, here are the top ten registered CDS by net (not gross) notional exposure.

Apparently the future of the financial world hinges on Italy and Spain not defaulting. Who knew?

net-notional

[via DTCC’s new weekly CDS update]

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