It may well be that CDS contract compliance activity has started in earnest given we have two new examples this week. We are just about to have a look at a batch around which queries have been raised. In this case they have made another attempt to look, for a second time, at 8 specific files. One assumes that these are the only ones, out of many hundreds, which turn up on their “risk file radar” or “drill down” as I understand they call it. Sensible the firm pointed this out and they have been returned to archive, hopefully, now, to RIP.

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