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DelphX Integrates Database Of 6+ Million Credit Issues Eligible For New CPO Default Protection
DelphX Integrates Database Of 6+ Million Credit Issues Eligible For New CPO Default Protec...
About this update from Delphx Capital Markets, Inc.
[{"type":"text","content":"\n\n\n\nDelphX Integrates Database Of 6+ Million Credit Issues Eligible For New CPO Default Protection\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nNEW YORK, June 6, 2018\n\n\n\nNEW YORK, June 6, 2018 /CNW/ -- DelphX Capital Markets Inc. (DELX.V) (\"DelphX\") announced today that it has incorporated a Global Security Master containing more than 6 million credit securities within its primary-market system - to enable investors to negotiate tailored protection against default loss through its new risk-hedging Covered Put Option securities.\n\n\n \n \n\n \n\"We are very pleased to incorporate the vast and continually-updating Security Master within our ATS to enable credit investors to structure, purchase and trade new CPO securities that dynamically offset the default risk of those underlying securities. Compared to the single-name CDS market, where default protection is available for less than 200 issuer names, CPO default protection will be available within the coming DelphX ATS for credit securities issued by more than 350,000 issuers,\" stated DelphX CEO, Larry Fondren. \n\nAbout DelphX: \n\nDelphX is a technology company dedicated to optimizing fixed income markets around the world by transforming the way credit capital is secured. Its blockchain-powered solution employs proprietary distributed ledger technology and actuarial science to facilitate broad diffusion of risks. The new DelphX alternative trading system (\"ATS\") market will be regulated by the SEC and operated by DelphX Services Corporation, a FINRA member firm, to facilitate the negotiation, purchase and trading of two new forms of Smart Contract securities: \n\n\nCovered Put Option (CPO) securities that provide secured default protection for U.S. dollar-denominated corporate, municipal and sovereign securities, with the strike-price of each CPO equaling the total par value of its underlying security; and\nCovered Reference Note (CRN) securities that allow investors to take on default exposure relating to a single underlying security or to participate in a pool of diverse r...