Credit default swap - Wikipedia, the free encyclopedia
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A credit default swap ( CDS ) is a swap contract in which the buyer of the CDS makes a series of payments to the seller and, in exchange, receives a payoff if a credit instrument (typically a ...
en.wikipedia.org/wiki/Credit_default_swap
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credit default swap - definition of credit default swap - A specific kind of counterparty agreement which allows the transfer of third party credit risk from one party to the other. One party in the swap is... ... Search volume for credit default swap...
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www.investorwords.com/5876/credit_default_swap.html
www.investorwords.com/5876/credit_default_swap.html
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"It could be another — I hate to use the expression — nail in the coffin," said Miller, when referring to how this troubled CDS market could impact the country's credit crisis. Credit default swaps are insurance-like contracts tha...
http://www.time.com/time/business/article/0,8599,172315...
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A year after the government rescued Bear Stearns, the economy has stumbled badly. ... But one market that regulators were deeply concerned about when Bear hit the wall -- the one for unregulated over-the-counter derivatives called credit default swaps -- has defied fears of a meltdown.
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money.cnn.com/2009/03/16/markets/cds.bear.fortune/index...
money.cnn.com/2009/03/16/markets/cds.bear.fortune/index.htm
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It is interesting to note that while Credit Swaps can be triggered by a Credit Event defined as narrowly as a default on a single specified Reference Obligation, they are commonly triggered by default with respect to any one of a much broader class of obligations.
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www.ciberconta.unizar.es/bolsa/credit1.htm
www.ciberconta.unizar.es/bolsa/credit1.htm
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How 'credit default swaps'—an insurance against bad loans—turned from a smart bet into a killer. ... While the concept had been floating around the markets for a couple of years, JPMorgan was the first bank to make a big bet on credit default swaps. It built up a "swaps" desk in the mid-'90s and hired young math and...
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www.newsweek.com/id/161199
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Most often, corporate bond investors buy credit default swaps for protection against a default by the issuer of the corporate bond, but these flexible instruments can be used in many ways to customize exposure to corporate credit.
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www.pimco.com/LeftNav/Bond+Basics/2006/Credit+Default+S...
www.pimco.com/LeftNav/Bond+Basics/2006/Credit+Default+Swaps+06-01-2006.htm
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Abstract: This paper provides a methodology for valuing credit default swaps when the payoff is contingent on default by a single reference entity and there is no counterparty default risk. The paper tests the sensitivity of credit default swap valuations to assumptions about the expected recovery rate.
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www.defaultrisk.com/pp_crdrv_09.htm
www.defaultrisk.com/pp_crdrv_09.htm
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