A credit default swap (CDS) is a contract where one party agrees to make a payment to the other party in the event of a specified credit event, in exchange for one or more fixed payments, reducing risk for the borrower.
Glossary Term
Glossary Term
A credit default swap (CDS) is a contract where one party agrees to make a payment to the other party in the event of a specified credit event, in exchange for one or more fixed payments, reducing risk for the borrower.