Credit Event Binary Options contracts allow investors to express an opinion on whether a company will experience a "credit event" bankruptcy. The contracts also provide the advantages of price transparency available through a regulated exchange, currently unavailable in over-the-counter credit default swaps markets. A CEBO contract has just two possible outcomes - a payout of a fixed amount if a credit event occurs or nothing if a credit event does not occur.
The size of the CEBO contract payout if a credit event occurs has also been revised. Two of those contracts will be introduced on March 8 , followed by eight on March AK Steel Holding Corporation. Advanced Micro Devices, Inc. For contract specifications and other information about CEBOs, see www.
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