CDS making its way here?

Rumor has it that Malaysia will soon have Credit Default Swaps. When I heard about it, the first thought I had was, how will they be calculating the prices and spreads. The only experience I have on CDS is through my uni assignments and I remember doing pages of integrations to calculate CDS spreads, reckon it would have been faster on Excel but the professor wanted all the calculations on paper. I am hoping that bankers here will escape the task of calculating CDS spreads on paper...