The credit default swap (Credit event/default swap, CDS) is an agreement according to which the buyer of a swap pays to the seller the stipulated award for opportunity to get profit if the credit agreement provided with this swap isn’t extinguished or in case of other caused event. 214 more words
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A Credit Default Swap (CDS) is a derivative contract between two parties, a credit protection buyer and credit protection seller, in which the buyer makes a series of cash payments to the seller and receives a promise of compensation for credit losses resulting from the default of a reference entity.
Equity market jitters over the future of the European Union are not universally shared by credit investors with the cost of insuring against a bond default by a number of member states remaining on a downtrend. 238 more words
Who could have seen this coming? Has Argentina turned defaulting into an art-form ?
So the Argentina’s second default this century is finally done. Referring to Bloomberg, by defaulting today, Argentina may trigger bondholders claims of as much as $29 billion — equal to all its foreign-currency reserves. 292 more words