| Acronym or Abbreviation |
CDS |
| Alias or Synonym |
|
| Key Words |
|
| Description (HTML) |
A swap designed to transfer the credit exposure of fixed income products between parties. A credit default swap is also referred to as a credit derivative contract, where the purchaser of the swap makes payments up until the maturity date of a contract. Payments are made to the seller of the swap. In return, the seller agrees to pay off a third party debt if this party defaults on the loan. A CDS is considered insurance against non-payment. A buyer of a CDS might be speculating on the possibility that the third party will indeed default. |
| Source Description |
Investopedia |
| Source URL |
http://www.investopedia.com/terms/c/creditdefaultswap.asp |
| Document |
No document attached... |
| Lifecycle - Exist Start Date |
UNKNOWN |
| Lifecycle - Exist End Date |
UNKNOWN |
| Item Quality Status (Item Quality Status) |
|
| Updated by |
webea.09 |
| Updated on |
2014-04-08-14.50.23.658000 |
included in | |
includes | |
Instrument Item: Credit Default Swap
Instrument