---
title: Life after Default: Dealer Intermediation and Recovery in Defaulted Corporate Bonds
url: https://www.ml-quant.com/papers/ssrn/4579966/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4579966
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4579966
featured: 2023-09-28
citations: 0
topic: Risk, Credit & Banking
---


# Life after Default: Dealer Intermediation and Recovery in Defaulted Corporate Bonds

The research reveals that defaulted U.S. corporate bonds are traded to dealers with prior expertise in the bond, improving recovery rates and emphasizing the importance of dealer expertise.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4579966
- Identifier: SSRN 4579966
- Released: 2023-09-22
- First featured: Quant Letter No. 17 (2023-09-28): https://www.ml-quant.com/issues/2023-09-28/
- Citations (Semantic Scholar): 0
- Published in: not yet
- Topic: Risk, Credit & Banking

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