ShinyThings·hace 11 años·discussThis is the closest I was able to find; it's a Risk.net article from '03: http://www.risk.net/risk-magazine/feature/1498135/revealed-g...Short answer: it was a 15-20yr CCS in about $10bio notional; the upfront payment amount isn't clear; and Goldman bought 20yr Greece CDS from Depfa to hedge the credit risk.And Nick Dunbar, who originally wrote the Risk article, followed up ten years later with a whole lot more detail: http://nickdunbar.net/2012/01/24/goldman-swap-shows-greece-w...
Short answer: it was a 15-20yr CCS in about $10bio notional; the upfront payment amount isn't clear; and Goldman bought 20yr Greece CDS from Depfa to hedge the credit risk.
And Nick Dunbar, who originally wrote the Risk article, followed up ten years later with a whole lot more detail: http://nickdunbar.net/2012/01/24/goldman-swap-shows-greece-w...