Deutsche Bank has confirmed that its credit-default swaps (CDS) business in Australia – including acting as a counterparty to single-name transactions – is unaffected by the bank's decision to scale back its global operations in this market. Deutsche Bank revealed on November 17 that it would no longer act as a counterparty to uncleared single-name CDS trades in Europe and the US, but says it will continue to do so in other markets including Australia.
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