credit default swap


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credit default swap

n
finance a contract in which the parties exchange the exposure to loss should a creditor fail to make a payment when it comes due back . Abbreviation: CDS
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Credit default swap indices are benchmarks used for the insurance of bonds against payment default.
If a borrower failed to pay off a loan fully, an investor protected by a credit default swap would be able to collect the outstanding amount from the insurance company.
GFInet, a leading creator of independent online markets, has brought out its Credit Default Swap Mark-To-Market (MTM) service, making GFI's actual market price data available to the "mid-office" -- a layer between the trader and the back-end settlement systems -- for the first time.
NEW YORK -- Morgan Stanley, a registered Futures Commission Merchant and market leader in derivatives trading and clearing, announced that today it cleared OTC credit default swap transactions through the newly established ICE Clear Credit, formerly Ice Trust U.
The Depository Trust & Clearing Corporation (DTCC) announced that its Trade Information Warehouse (Warehouse) successfully completed the automated credit event processing and settlement of over-the-counter (OTC) credit default swap (CDS) contracts related to the Lehman Brothers Holdings Inc.
Reported estimates of the size of the credit default swap market have so far been based on surveys.
The note proceeds collateralize a credit default swap with Goldman Sachs Capital Markets, L.
COUNTS 2004-1 attains exposure to the portfolio via a credit default swap between the trust and Deutsche Bank AG London.
EPOCH 2002-1, Ltd, incorporated under the laws of the Cayman Islands, was created to enter into a credit default swap with Morgan Stanley Credit Products, Ltd.
The transaction is designed to provide credit protection for realized losses on the reference portfolio through a master credit default swap (CDS) between the issuer and the swap counterparty, KBC Investments Cayman Islands V, Ltd.
7 credit default swap index of non-investment grade corporations.

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