CDS are traded in standard contracts and it would require a lot committee-ish type work to get things changed along with the fact that I'm not even sure how you

CDS are traded in standard contracts and it would require a lot committee-ish type work to get things changed along with the fact that I'm not even sure how you would define this type of trade in a clear way. Really doesn't happen overnight [0] As far as the issuer goes, issuers get a reputation for fucking over creditors and that makes it hard for them to tap markets in the future (except in these yield hungry days..). People really don't forget about this kind of stuff. [0] https://corpgov.law.harvard.edu/2014/08/24/new-isda-2014-credit-derivatives-definitions/ https://corpgov.law.harvard.edu/2014/08/24/new-isda-2014-cre...