It also stands for pay-as-you-go CDS. A credit default swap (CDS) transaction which has as underlying a bond such as...

Buying a credit default swap (CDS); a long position in a credit default swap (CDS). It is equivalent to shorting...

It stands for credit-linked certificate of deposit; a credit-linked hybrid that combines a deposit (certificate of deposit, CD) with a...

A credit-linked hybrid that combines a deposit (certificate of deposit, CD) with a credit default swap that the investor (depositor)...

It is a type of cross valuation adjustment/ x-value adjustment (XVA) that takes out the effects of changes in the...

The difference between the CDS spread and par equivalent CDS spread: PECS basis = CDS spread - PECS It captures...

Unlike standard credit default swaps which require a valuation following a credit event (usually default), digital swaps simply specify payment...

A credit default swap (CDS) that automatically terminates with one counterparty of which having to make no further payments if...

A credit default swap (CDS) which links the notional amount, on which the swap payoff is based, to the daily...

A credit default swap (CDS) whereby the protection buyer makes a payment to the protection buyer only after the Nth...