This document outlines the details of a credit default swap (CDS) trade between Deutsche Bank (DB) and Southern Financial LLC, where DB sells default protection on the Federative Republic of Brazil. The notional amount is USD 10,000,000, with a trade date of January 13, 2015, and a termination date of March 20, 2020. The CDS has a price of 205 basis points per annum, with an upfront fee received by DB of USD 491,941. The document includes detailed trade information such as effective date, maturity date, payment frequency, and recovery rate.
documents/vol00010-efta01368602-pdf.pdf
{"title":"BraSov Default Swap with Southern Financial LLC","key_people":["Vahe"],"document_date":"2015-01-13","document_type":"financial","key_locations":["Federative Republic of Brazil"],"document_subtype":"Credit Default Swap (CDS) Trade Details","key_organizations":["Deutsche Bank (DB)","Southern Financial LLC"],"reference_numbers":["ISIN: US105756AL40"]}