(Adds comments from the banks, paragraph 4)
Oct 1 (Reuters) - JPMorgan Chase & Co is set to payalmost a third of a $1.86 billion settlement to resolve claimsthat a dozen big banks conspired to limit competition in thecredit-default swaps market, Bloomberg reported.
JPMorgan is paying $595 million, Bloomberg said, citingpeople who asked not to be identified because the firms haven'tdisclosed how they're splitting costs. (http://bloom.bg/1WAm3d5)
Morgan Stanley, Barclays Plc and GoldmanSachs Group Inc are paying about $230 million, $175million and $164 million, respectively, the report said.
Goldman, JPMorgan and Barclays declined to comment. MorganStanley was not immediately available to comment on the report.
Credit default swaps are contracts that let investors buyprotection to hedge against the risk that corporate or sovereigndebt issuers will not meet their payment obligations. (Reporting by Sweta Singh; additional reporting by SnehaBanerjee in Bengaluru; Editing by Maju Samuel and DavidGregorio)