The document discusses the risks and procedures associated with credit default options, including the determination of credit events, market availability, and regulatory aspects. It highlights the discretion of listing options markets in confirming credit events and the potential for erroneous confirmations. The document also addresses the lack of underlying interest prices for credit default options and the possibility of trading halts.
doj/DataSet10/EFTA01393192.pdf
{"document_type":"other","key_organizations":["OCC","CFTC","SEC"]}