Triggering Credit Suisse's CDS: The Audacious Schrödinger Swap Plan
A group of investors is planning to trigger Credit Suisse's credit default swaps (CDS) through a complex financial instrument known as a Schrödinger's swap, which would force the bank to buy back its own debt at a higher price. The move is seen as a risky bet against the bank's financial health and could potentially harm its investment banking business.