A derivative instrument whose payoff is contingent on the occurrence or non-occurrence of a credit event. The payoff is also linked to an underlying asset(s) or transaction(s). The credit event can usually be a default event, credit rating downgrade, restructuring, etc. Credit derivatives and defaultable derivatives are both credit contingent derivatives.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Comments