What is the Big Bang protocol? how a credit event auction work?

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What is the Big Bang protocol?
how a credit event auction work?

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BIG BANG PROTOCOL The Big Bang protocol is an initiative launched on April 8 2009 by the International Swaps and Derivatives Association Inc to help strengthen the credit default swap market The protocol represents the final step in the process known as hardwiring or the incorporation of auction settlement terms into standard CDS documentation It is intended to make it easier for investors in the opaque credit derivatives market to know what will happen to their See Answer

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What is the Big Bang protocol? how a credit event auction work?

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What is the Big Bang protocol? how a credit event auction work?

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What is the Big Bang protocol?
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