The document discusses the risks and rules associated with credit default options, including the determination of credit events by listing options markets, the lack of underlying interest prices, and the potential unavailability of trading markets. It also mentions the SEC's approval of certain credit default options for trading and the CFTC's exemption for clearing such options.
documents/vol00010-efta01353490-pdf.pdf
{"document_type":"legal","document_subtype":"legal analysis","key_organizations":["OCC","CFTC","SEC"]}