CDS Again

I want to draw about two trillion underlines under Alphaville's point that

we’d also like to know about concentration. That is, are there just a few counterparties out there that are big net sellers of Italy CDS or are there many? Which CDS have the most non-dealers involved?

Especially in light of this, where Jeffries reports that it has

no meaningful net exposure to European sovereign debt.

(emphasis mine).