Secured default protection
Dealers can now offer collateralized default protection for any of millions of credit securities through new Covered Put Options™ (CPOs) that pay strike prices equal to the par value of the underlying security.
Through DelphX, dealers can now offer customized CPOs that precisely meet the protection or speculation requirements of investors. That tailored protection is available for hedging default exposures of millions of underlying corporate, municipal, sovereign and other credit securities.
All CPOs are:
Meet Bond Market 2.0
Learn more about CPOs and how DelphX enables dealers to efficiently meet the default-hedging needs of credit investors through its risk-diffusing technology.