The Loan Only Credit Default Swaps (LCDS) market has been an increasingly hot topic, especially as the market gears up for the launch of the LCDS Index - expected at the end of the month - marking the product's U.S. expansion.

Tim Milton, a trader in the bank loan trading group at Goldman Sachs, took time to speak with ASR sister publication Bank Loan Report last week, focusing on settlements, liquidity and the general direction of the LCDS market.

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