Based on a unique data set referencing exposures on single name credit default swaps (CDS) on European reference …

Trade credit insurance (TCI) is a risk management tool commonly used by suppliers to guarantee against payment default … by credit buyers. TCI contracts can be either cancelable (the insurer has the discretion to cancel this guarantee during … decisions regarding whether to ship goods to the credit buyer). We further explore which contracts better facilitate these two …

Does the cost of credit insurance affect the availability of credit? To answer this question, we couple comprehensive … bank-firm level CDS trading data from DTCC to the German credit register containing bilateral bank-firm credit exposures … of this decrease in insurance cost – these banks extend more credit to CDS traded and affected firms, and also hedge more …