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It is especially important to encourage unorthodox thinking when the situation is critical At such moments every new word and fresh thought is more precious than gold. Indeed, people must not be deprived of the right to think their own thoughts.
The Loan Credit Default Swap Index – Markit LCDX is a specialized index of loan-only credit default swaps (CDS) covering 100 individual North American companies that have unsecured debt trading in the broad secondary markets. The LCDX is traded over the counter and is managed by a consortium of large investment banks, which provide liquidity and assist in pricing the individual credit default swaps. IHS Markit Ltd, headquartered in London, is the index provider.
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