A type of first loss credit default swaps (FLCDS) or tranche loss credit default swaps (TLCDS) in which the reference asset…

A type of first loss credit default swaps (FLCDS) or tranche loss credit default swaps (TLCDS) in which the reference...

It stands for standardized tranche credit default swap; a type of first loss credit default swaps (FLCDS) or tranche loss...