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insuring against soverign default

  • 05-04-2010 1:26pm
    #1
    WalterMitty
    Registered Users, Registered Users 2 Posts: 1,582 ✭✭✭


    Hi, my faher is retired from public sector. He is worried that country might default and public sector pay/pensions may be cut much more. How can he insure against this small risk. Is there a place to but these CDS for Irish debt.
    Cheers


Comments

  • #2
    MrMatisse
    Closed Accounts Posts: 1,743 ✭✭✭MrMatisse


    Yes, but you cant insure against your employer (The governemnt) not paying you a pension or cutting the benefits.


  • #3
    woodseb
    Registered Users, Registered Users 2 Posts: 876 ✭✭✭woodseb


    you can't buy CDS in such small lot sizes, it wouldn't be worth the fees etc

    you could probably do something like buy put options on the irish banks at the current price with a long expiration - these would payoff handsomely should the irish government ever default


  • #4
    dunkamania
    Closed Accounts Posts: 1,803 ✭✭✭dunkamania


    I think traccr do small sizes, but you neet to setup as a professional investor.

    Have never used them so dont know if they are any good


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