Trade Assignment (so also said in German; more rarely [indistinctly] resale)

Unless otherwise defined, the transfer of a credit default swap (CDS) from the original seller to another market participant. – Just under half of the CDSs were passed on in this way in the fall of 2006. Regulators chided that often the necessary documentation for a derivatives transaction has not even been issued when the contract may have already changed hands several times. – The International Swaps and Derivates Association (ISDA), based in Neuyork, has since made a successful effort to automate the settlement of contracts so that documentation risk has been widely mitigated. – See settlement, fully automated, settlement confirmation, business continuity program, collateralized debt obligation, synthetic, derivatives transactions clearing obligation, derivatives transactions reporting obligation, ,credit derivative, pooling of collateral, contract bill, speculator. – Cf. Deutsche Bundesbank Monthly Report of September 2005, pp. 45 ff. (presentation of the various transfer systems).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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