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Derivatives and Risk Management, 1st Edition
book

Derivatives and Risk Management, 1st Edition

by Sundaram Janakiramanan
May 2024
Intermediate to advanced content levelIntermediate to advanced
542 pages
27h 26m
English
Pearson India
Content preview from Derivatives and Risk Management, 1st Edition
Credit Derivatives 491
e major characteristic of a credit derivative is that it can
de-couple credit risk from funding.  e entities can alter the
credit risk exposure without actually buying or selling bonds
or loans in the primary or secondary markets.
A credit default swap (CDS) is a bilateral contract in which
one party, called the protection buyer, pays a periodic fee,
typically expressed in basis points per annum, on a notional
amount in return for a contingent payment by the other
party, called the protection seller, following the occurrence of
a credit event with respect to a reference entity.
Credit event ...
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Publisher Resources

ISBN: 9781299447547Publisher Website