It stands for tranched portfolio default swap; a variation of collateralized debt obligations (CDOs) in which the exposure to the…

In relation to a premium swap, it is a compensation that the fixed-rate payer is obliged to pay the other...

A variation of collateralized debt obligations (CDOs) in which the exposure to the default swap is divided into tranches (small...

In general, it is the price of a swap- i.e., the amount paid by the swap buyer to the swap...

An interest rate swap by which the counterparties agree to an interest rate that differs from the prevailing market rates....

With respect to credit default swaps (CDS), it is the credit exposure of the swap at a given point in time (it...