By the end of the year, the Moscow Stock Exchange will launch credit default swap (CDS) trading on the bonds of about ten major Russian A-rated companies. A+, writes Forbes Russia. The instrument's market maker will be Sberbank, and decisions on the occurrence of a credit event will be made by a committee of ten major banks.

By the end of the year, the Moscow Stock Exchange will launch credit default swap (CDS) trading on the bonds of about ten major Russian A-rated companies. A+, writes Forbes Russia. The instrument's market maker will be Sberbank, and decisions on the occurrence of a credit event will be made by a committee of ten major banks.