by Kaarothh
Source: www.boerse.de/derivate/credit-spreads/
Its how much it costs annually to insure an investment in credit suisse. In basis points
So 1000 basis points is 10% – if you want to insure your $1m investment into credit suisse you have to pay $100k yearly for a 5 year insurance
Which means the insurer thinks theres about a 50% chance that the bank doesnt exist in 5 years
At least thats how I understand it.
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