The amount that is required to replace an existing (active) swap in the event a counterparty to the swap is unable to...

The instantaneous probability of default (conditional default rate) by an issuer. This risk management tool measures the probability of default...

A credit default swap (CDS) in which the protection buyer pays a fee (premium) to purchase default protection on a number of debtors or debt issuers....

A credit default swap (CDS) in which the protection buyer pays a fee (premium) to purchase default protection on a number of debtors or debt issuers....

A credit default swap (CDS) in which the protection buyer pays a fee (premium) to purchase default protection on a number of debtors or debt issuers....

An option on a defaultable instrument, which is, as such, subject to default risk resulting from the probability that the instrument’s issuer could not honor its contractual...

A party to a credit default swap (or any other type of swap) that pays the other counterparty (known as...

A party to a credit default swap (or any other type of swap) that takes on the credit risk of...

An option (credit option) that provides credit protection to the holder based on two scenarios: default or no default. It...

A hybrid of an equity derivative and a credit derivative which has identically the structure of a credit default swap...