Big banks, S&P Global tie up for first credit-default swaps index linked to private credit - report

MSN
2026.04.10 18:31
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JPMorgan Chase and other major banks are collaborating with S&P Global to launch the first credit-default swaps index linked to private credit. The CDX Financials index aims to protect buyers against defaults and will include private credit funds from firms like Apollo Global Management and Blackstone. This new index, expected to facilitate hedging for investors, comes amid rising concerns in the private credit sector, with over $20B in redemption requests noted in Q1 2026. Credit-default swaps are regaining popularity after being sidelined post-2008 financial crisis.