Credit default swaps top movers: Argentina and Wind Acquisition Finance

Credit default swaps sovereign & corporate movers

Top 10 Sovereign Reference Entities by Net Notional Change vs 1 Week Ago
   Net Notional (USD EQ)  Net % Change (1 week) Net % Change (4 weeks) Net % Change (1 year)  Gross Notional (USD EQ)   Contracts 
ARGENTINA          1,410,844,643 -16.26% -29.66% -39.70%         39,008,509,652         3,813
ESTONIA              299,253,423 -8.22% -8.44% -25.01%           3,345,527,713             444
EGYPT              499,161,247 7.54% 3.48% -39.93%           4,179,372,179         1,050
JAPAN        10,101,733,868 -6.57% -12.82% 13.28%         76,996,778,201         7,460
QATAR          1,002,829,514 -6.16% -1.38% 62.15%           9,467,513,061         1,341
AUSTRALIA          4,277,838,461 -6.08% -16.16% -17.28%         39,374,855,348         4,065
DENMARK          2,056,160,979 -4.89% -11.81% -31.39%         18,956,667,092         1,532
NETHERLANDS          3,257,019,539 4.71% 4.65% 2.48%         32,074,168,651         1,750
AUSTRIA          4,661,477,742 -4.02% -5.24% -20.70%         60,426,861,929         2,656
GERMANY        16,043,048,213 -3.99% -4.00% -18.60%       152,364,159,881         5,744

 

Top 10 Corporate Reference Entities by Net Notional Change vs 1 Week Ago
   Net Notional (USD EQ)  Net % Change (1 week) Net % Change (4 weeks) Net % Change (1 year)  Gross Notional (USD EQ)   Contracts 
WIND ACQUISITION FINANCE S.A.              450,352,951 14.42% 12.90% -17.65%         10,429,421,539         2,538
MACY'S RETAIL HOLDINGS, INC.              151,067,671 -11.78% -14.54% -33.39%           1,622,617,471             463
CATERPILLAR FINANCIAL SERVICES CORP.              556,397,607 -11.54% -15.49% -17.68%           5,913,353,324         1,144
JFE HOLDINGS, INC.              961,637,070 10.20% 12.74% 118.13%           4,548,988,085             903
KERR-MCGEE CORP.              224,301,605 9.83% 9.46% -6.41%           3,964,504,471         1,016
COMPAGNIE FINANCIERE MICHELIN              891,818,494 9.40% 14.00% -11.63%         17,391,764,204         2,787
THE COCA-COLA CO.              678,088,961 9.37% 8.59% 129.45%           2,773,687,671             533
JAPAN TOBACCO INC.              681,770,616 9.03% 9.21% -10.54%           4,754,058,715             726
WELLPOINT, INC.              310,713,414 8.82% 20.21% -12.91%           4,311,352,443             907
SMURFIT KAPPA FUNDING PUBLIC LTD. CO.              314,465,388 8.48% 2.70% -30.18%           9,451,821,246         1,977

The net notional amount represents the maximum that would have to be paid in the event of a default by the entity, assuming netting across trade counterparties’ families. The gross notional amount represents the value of all active CDS contracts, including offsetting contracts. The Top 10 volume movers show the reference entities with the largest notional movement for the week.

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