Core Viewpoint - The CFETS-SHCH-CBR Sci-Tech CDS Index will be launched for trading and clearing starting December 23, with daily credit curve updates provided by the Shanghai Clearing House and the Interbank Lending Center [1] Group 1: Index Overview - The CFETS-SHCH-CBR Sci-Tech CDS Index is managed by the China Bond Rating Co., Ltd. and is part of the interbank market [2] - The index will feature a nominal principal equal-weight distribution among constituent entities [2] - The index will continue trading even after a credit event occurs for a constituent entity, with the original index name retained [2] Group 2: Trading and Settlement Details - The index will utilize cash settlement for credit events, with recovery rates determined by an agreed final ratio or applicable valuation methods [3] - The cash settlement amount for a credit event is calculated as 1/25 of the nominal principal multiplied by (1 - agreed final ratio) [3] - The trading contracts will continue to exist until maturity or until all remaining entities experience credit events [2][3]
助力银行间信用衍生品发展 CFETS-SHCH-CBR科创CDS指数即将上市交易清算
Sou Hu Cai Jing·2025-12-22 12:59