Rise of Credit Default Swaps (1994-2008)

1. JPMorgan structures an early credit default swap

   Jan 1, 1994Labels: JPMorgan, credit default

   • Britannica
   • Wikipedia

2. BISTRO popularizes synthetic credit risk transfer

   Dec 1, 1997Labels: BISTRO, JPMorgan

   • IFR

3. ISDA issues standardized CDS documentation framework

   Jan 1, 1999Labels: ISDA, CDS Definitions

   • ISDA

4. CDS indices emerge as tradable credit benchmarks

   Jan 1, 2001Labels: CDS indices, credit benchmarks

   • iTraxx

5. ISDA updates credit derivatives definitions

   Feb 12, 2003Labels: ISDA, Credit Derivatives

   • ISDA
   • Risk net

6. TRAC-X and iBoxx indices merge into CDX

   Apr 1, 2004Labels: CDX, TRAC-X

   • GlobeNewswire

7. OCC highlights record derivatives volumes at banks

   Dec 21, 2004Labels: OCC, U S

   • OCC

8. New York Fed pushes dealers to fix CDS backlogs

   Oct 5, 2005Labels: New York, dealers

   • NY Fed

9. DTCC launches Trade Information Warehouse for CDS

   Jan 1, 2006Labels: DTCC, Trade Information

   • DTCC

10. ABX index launches, enabling subprime credit hedging

    Jan 17, 2006Labels: ABX, Markit

    • Markit
    • ABS index

11. Lehman bankruptcy triggers major CDS settlement protocol

    Sep 15, 2008Labels: Lehman Brothers, ISDA

    • ISDA

12. CDS market credibility shifts after 2008 crisis stress-test

    Dec 1, 2008Labels: CDS market, financial crisis

    • ISDA
    • DTCC