The role of Credit Default Swaps (CDS) in the financial crisis has been debated among regulators, market participants, and academics since early 2008. CDSs are derivative instruments that enable market participants to transfer or redistribute credit risk. However, the size of the CDS market, combined with its structural opacity, concentration, and interconnectedness, may be a sign that the CDS market also poses a systemic risk to financial market stability.
Markit CDS pricing and reference data provide information related to the Company’s CDS instrument, sector-wise classification, rating, Tenor, and CDS spread for the support of price discovery, risk management, compliance, research, and valuations.
Stevens members can access this data set through WRDS. To request access, please fill the request resources form here and select Markit CDS. If you do not have WRDS access already, you need to request and register here.
After loggin into WRDS, you can use the following URL to access the data.