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Deutsche Bank Plans Return to Key Part of CDS Market

  • German lender will trade cleared swaps, people familiar said
  • Bank exited most single-name swaps trading three years ago

Deutsche Bank AG plans to return to a corner of the credit derivatives market that it largely exited about three years ago, according to people with knowledge of the matter.

The German lender told clients that it plans to start making markets in some credit-default swaps tied to individual companies, said the people, who asked not to be identified because the information isn’t public. The bank will buy and sell contracts that settle through a clearing house and plans to start as early as the second quarter, they said.