Generally speaking, it is the possibility that firms or individuals would fail to honor their contractual obligations on their borrowed...

The leverage in which the so-called recourse borrowing is used. It is backed by collateral posted by the borrower. The...

The spread that is attributed to the credit risk associated with a defaultable instrument (e.g., a credit default swap or...

In connection with a default swap (or a credit default swap), it is the periodic payment that is made by...

In connection with a default swap (or a credit default swap), it is the periodic payment that is made by...

A binary credit default swap. Unlike standard credit default swaps (CDS) which require a valuation following a credit event (usually...

The difference between the synthetic credit risk premium (the price of credit risk quoted in a credit default swap) and the...

It stands for collateral value adjustment/ collateral valuation adjustment; the pricing adjustment made for a collateralized derivative. It represents the cost of...

It stands for collateral value adjustment/ collateral valuation adjustment; the pricing adjustment made for a collateralized derivative. It represents the cost of...

It stands for current replacement cost; the amount that is required to replace an existing (active) swap in the event a...