Primus Financial Products, LLC

Primus Financial Products, LLC (Primus Financial), our principal subsidiary, is managed by an experienced team of professionals who have expertise in credit analysis, trading, risk management and market analysis.

Primus Financial is a Credit Derivative Product Company (CDPC) and provides protection against the risk of default on primarily corporate and sovereign obligations through the sale of credit swaps to banks and dealers (“counterparties”). In exchange for a fixed quarterly premium, Primus Financial agrees to pay its counterparty an agreed upon notional amount upon the occurrence of a defined credit event.