It stands for contingent credit default swap; a credit default swap (CDS) which is “contingent” upon the setting-off of two...

A credit default swap (CDS) which is “contingent” upon the setting-off of two triggers. The first, as in an ordinary...

A credit default swap (CDS) which is “contingent” upon the setting-off of two triggers. The first, as in an ordinary...

A trade that deactivates (typically with zero-recovery) if either party defaults regardless of which is in the money. It also...

A trade that deactivates (typically with zero-recovery) if either party defaults regardless of which is in the money. It also...