djsneak666

Can't stop

In regards to the bullet swaps that CS sold to Hwang, how would a prime bank hedge these for a counterparty failure such as Archegos do you think?

I looked in to this before and yes the swap likely just disappears with arcgegos unable to pay. This causes credit suisse to realise a loss on the contract. The intriguing part is how they hedged that swap because that's the bags they get left with when the swap blows up.

Yes