Credit Protection / Overview
Credit Protection
Primus’ credit protection business involves providing protection via credit default swaps (CDS) to global financial institution counterparties against the risk of default. The credit protection portfolios of Primus Financial Products and its subsidiaries consist of CDS primarily written on investment grade corporate and sovereign reference entities.
Primus Financial Products®
- Launched in 2002
- Provides protection against the risk of default on primarily corporate and sovereign obligations through the sale of credit default swaps to banks and dealers
- Portfolio of CDS, primarily investment grade corporate credit assets
- Long-term investment approach
- Primus Financial Products' credit swap portfolio as of June 21, 2010 PDF