Buy Sell Cds Near Me
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Beyond monetary value, selling your CDs is smart for the planet too. We make sure that every CD we buy is resold or recycled responsibly, which prevents them from going to landfill and causing environmental damage.
Linda and Bill Wareham of St. Paul recently came up with a rather tedious but ultimately worthwhile solution: After selling some discs in person at a used-record store, they sold more of their CDs in bulk to the website Decluttr.com. The site, which resells via Amazon, requires you to scan or type in the bar code of each CD but pays about $1 to $2 per disc (and takes DVDs too).
eBay used to be a great place to sell stuff, but they have increased their seller fees by so much that a lot of small-time sellers have left it for other platforms. That said, eBay can still be a great option if you want to sell your CDs for the most cash and have the time and patience to auction them.
Best Buy recently decided that the humble CD is now about as welcome at its stores as mic feedback at an outdoor concert. According to Billboard, July 1 was the deadline by when the lone remaining electronics big-box store would stop carrying compact discs in its stores, in response to lower consumer demand as digital downloads and streaming services have grown more popular. CD sales fell nearly 20 percent in the past year alone, Billboard said.
Have you forgotten one major pointBefore you sell a CD, you must remove all digital copies of that music you may have on your computer, phone, or other device. Failing to do so violates at least one copyright law.
For titles that do still sell strongly and are in very good condition, we typically offer between $2 and $4 STORE CREDIT (or 50% of the credit value in cash). Collectible titles, rarities, special versions can go significantly higher.
Videos: VHS is a format that is disappearing and becoming very difficult to sell. Most are donation only, and we are not accepting damaged or incomplete packaging, promos/screeners or former rentals.
Cassette Tapes: Although there has been some resurgence of interest in this format, they are, by-and-large, difficult to sell. Sellers will generally get very little for these, though there are some high-priced rarities that will come with a Cash or Credit offer.
The end of an era is upon us. According to an article from Billboard Best Buy and Target are making plans to stop selling CDs in their stores. With the popularity of music streaming services like Spotify, Apple Music, and Tidal exploding over the past few years, the aisles dedicated to CDs in stores have been a steady decline in the US.
A credit default swap (CDS) is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a debt default (by the debtor) or other credit event.[1] That is, the seller of the CDS insures the buyer against some reference asset defaulting. The buyer of the CDS makes a series of payments (the CDS \"fee\" or \"spread\") to the seller and, in exchange, may expect to receive a payoff if the asset defaults.
In the event of default, the buyer of the credit default swap receives compensation (usually the face value of the loan), and the seller of the CDS takes possession of the defaulted loan or its market value in cash. However, anyone can purchase a CDS, even buyers who do not hold the loan instrument and who have no direct insurable interest in the loan (these are called \"naked\" CDSs). If there are more CDS contracts outstanding than bonds in existence, a protocol exists to hold a credit event auction. The payment received is often substantially less than the face value of the loan.[2]
A CDS is linked to a \"reference entity\" or \"reference obligor\", usually a corporation or government. The reference entity is not a party to the contract. The buyer makes regular premium payments to the seller, the premium amounts constituting the \"spread\" charged in basis points by the seller to insure against a credit event. If the reference entity defaults, the protection seller pays the buyer the par value of the bond in exchange for physical delivery of the bond, although settlement may also be by cash or auction.[7][14]
An investor or speculator may \"buy protection\" to hedge the risk of default on a bond or other debt instrument, regardless of whether such investor or speculator holds an interest in or bears any risk of loss relating to such bond or debt instrument. In this way, a CDS is similar to credit insurance, although CDSs are not subject to regulations governing traditional insurance. Also, investors can buy and sell protection without owning debt of the reference entity. These \"naked credit default swaps\" allow traders to speculate on the creditworthiness of reference entities. CDSs can be used to create synthetic long and short positions in the reference entity.[8] Naked CDS constitute most of the market in CDS.[16][17] In addition, CDSs can also be used in capital structure arbitrage.
A \"credit default swap\" (CDS) is a credit derivative contract between two counterparties. The buyer makes periodic payments to the seller, and in return receives a payoff if an underlying financial instrument defaults or experiences a similar credit event.[7][14][18] The CDS may refer to a specified loan or bond obligation of a \"reference entity\", usually a corporation or government.[15]
The \"spread\" of a CDS is the annual amount the protection buyer must pay the protection seller over the length of the contract, expressed as a percentage of the notional amount. For example, if the CDS spread of Risky Corp is 50 basis points, or 0.5% (1 basis point = 0.01%), then an investor buying $10 million worth of protection from AAA-Bank must pay the bank $50,000. Payments are usually made on a quarterly basis, in arrears. These payments continue until either the CDS contract expires or Risky Corp defaults.
All things being equal, at any given time, if the maturity of two credit default swaps is the same, then the CDS associated with a company with a higher CDS spread is considered more likely to default by the market, since a higher fee is being charged to protect against this happening. However, factors such as liquidity and estimated loss given default can affect the comparison. Credit spread rates and credit ratings of the underlying or reference obligations are considered among money managers to be the best indicators of the likelihood of sellers of CDSs having to perform under these contracts.[7]
Another kind of risk for the seller of credit default swaps is jump risk or jump-to-default risk.[7] A seller of a CDS could be collecting monthly premiums with little expectation that the reference entity may default. A default creates a sudden obligation on the protection sellers to pay millions, if not billions, of dollars to protection buyers.[25] This risk is not present in other over-the-counter derivatives.[7][25]
Finally, an investor might speculate on an entity's credit quality, since generally CDS spreads increase as credit-worthiness declines, and decline as credit-worthiness increases. The investor might therefore buy CDS protection on a company to speculate that it is about to default. Alternatively, the investor might sell protection if it thinks that the company's creditworthiness might improve. The investor selling the CDS is viewed as being \"long\" on the CDS and the credit, as if the investor owned the bond.[8][13] In contrast, the investor who bought protection is \"short\" on the CDS and the underlying credit.[8][13]
Proponents of naked credit default swaps say that short selling in various forms, whether credit default swaps, options or futures, has the beneficial effect of increasing liquidity in the marketplace.[34] That benefits hedging activities. Without speculators buying and selling naked CDSs, banks wanting to hedge might not find a ready seller of protection.[17][34] Speculators also create a more competitive marketplace, keeping prices down for hedgers. A robust market in credit default swaps can also serve as a barometer to regulators and investors about the credit health of a company or country.[34][42]
There are other ways to eliminate or reduce the risk of default. The bank could sell (that is, assign) the loan outright or bring in other banks as participants. However, these options may not meet the bank's needs. Consent of the corporate borrower is often required. The bank may not want to incur the time and cost to find loan participants.[9]
If both the borrower and lender are well-known and the market (or even worse, the news media) learns that the bank is selling the loan, then the sale may be viewed as signaling a lack of trust in the borrower, which could severely damage the banker-client relationship. In addition, the bank simply may not want to sell or share the potential profits from the loan. By buying a credit default swap, the bank can lay off default risk while still keeping the loan in its portfolio.[9] The downside to this hedge is that without default risk, a bank may have no motivation to actively monitor the loan and the counterparty has no relationship to the borrower.[9]
Since default is a relatively rare occurrence (historically around 0.2% of investment grade companies default in any one year),[64] in most CDS contracts the only payments are the premium payments from buyer to seller. Thus, although the above figures for outstanding notionals are very large, in the absence of default the net cash flows are only a small fraction of this total: for a 100 bp = 1% spread, the annual cash flows are only 1% of the notional amount.
In September, the bankruptcy of Lehman Brothers caused a total close to $400 billion to become payable to the buyers of CDS protection referenced against the insolvent bank.[citation needed] However the net amount that changed hands was around $7.2 billion.[citation needed][66] This difference is due to the process of 'netting'. Market participants co-operated so that CDS sellers were allowed to deduct from their payouts the inbound funds due to them from their hedging positions. Dealers generally attempt to remain risk-neutral, so that their losses and gains after big events offset each other. 59ce067264
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