This app calculates Credit Default Swap upfront fees using the official ISDA CDS Standard Model. It provides live calculations for various metrics, including dirty upfront, accrued amounts, and risk sensitivities, for multiple contract types and maturities.
3.2.1
May 18, 2026
NEW - Seven SNAC maturities in one segmented row: 1Y / 2Y / 3Y / 4Y / 5Y / 7Y / 10Y. Pick any tenor in one tap. - Default-risk chart — cumulative default probability at each maturity; tap a bar to price that tenor. - Risk metrics on every trade — CS01, IR DV01, Rec01 (bump-and-reprice). - DIRTY UPFRONT card — total cash to settle (upfront + accrued), in trader vocabulary. IMPROVED - Updated SNAC conventions — EM moved to T+1 settlement; subordinated recoveries cut (EM 25→15%, Japan 35→15%); Japan now offers a 500 bp coupon. - Diagnostics tab — on-device self-tests for the pricing engine, IMM dates, regional holiday calendars, and live overnight-rate fetchers.
MoreiCDS is a free calculator for Credit Default Swap upfront fees. It utilizes the ISDA CDS Standard Model to compute SNAC upfront charges based on user inputs like spread, coupon, and tenor.
iCDS displays the SNAC upfront charge, dirty upfront fee, accrued interest, par spread, and first-order risk metrics such as CS01 and IR DV01.
iCDS fetches live overnight reference-rate curves from five central banks (USD, EUR, GBP, JPY, AUD) and supports six regional CDS contracts. However, it is not for booking or trading, producing indicative pricing only.
iCDS is a free application. The description explicitly states it is free and does not mention any in-app purchases or subscription requirements.
Yes, iCDS is designed for quantitative finance students and professionals. It provides a practical tool for understanding CDS pricing mechanics.
iCDS has an age rating of 17+. This is likely due to the complex financial concepts and calculations involved.
The latest version is 3.2.1, last updated on May 18, 2026. This indicates a history of updates, though the specific frequency is not detailed.
No, iCDS emphasizes privacy with no data collection, tracking, or accounts required. Reference rates are fetched live from public central-bank endpoints.
