Greece CDS Spread and Term Structure

[Colman Yeung]

Hi team,   I captured the the term structure and the spread for Greece CDS 5Y. The current term structure is much higher than the term structure a year ago (ref to CDS USD SR 5Y Term Structure.gif). From the spread since year 2004, it shows that the spread was very stable until 2008 and the price of CDS is still in very high level. This indicate the default risk for Greece is still very high.   Hope this is useful for our presentation.   Regards Colman