O QUE SIGNIFICA CREDIT DEFAULT SWAP EM INGLÊS
Credit default swap
Um swap de inadimplência de crédito é um contrato de swap financeiro que o vendedor do CDS irá compensar o comprador no caso de um padrão de empréstimo ou outro evento de crédito. O comprador do CDS faz uma série de pagamentos ao vendedor e, em troca, recebe uma recompensa se o empréstimo for inadimplente. Foi inventado pela Blythe Masters da JP Morgan em 1994. Em caso de inadimplência, o comprador do CDS recebe uma compensação e o vendedor do CDS toma posse do empréstimo em falta. No entanto, qualquer um pode comprar um CDS, mesmo compradores que não detêm o instrumento de empréstimo e que não tenham interesse direta no empréstimo. Se houver mais contratos CDS em circulação do que os títulos existentes, existe um protocolo para realizar um leilão de eventos de crédito; O pagamento recebido geralmente é substancialmente inferior ao valor nominal do empréstimo. Os swaps de inadimplência de crédito existiram desde o início da década de 1990 e aumentaram em uso após 2003. No final de 2007, o valor do CDS pendente foi de US $ 62,2 trilhões, caindo para US $ 26,3 trilhões em meados do ano de 2010, mas teria US $ 25,5 trilhões no início de 2012. CDSs são não negociado em uma troca e não há relatórios obrigatórios de transações para uma agência governamental.
definição de credit default swap no dicionário inglês
A definição de swap padrão de crédito no dicionário é um contrato no qual as partes trocam a exposição à perda se um credor não conseguir fazer um pagamento quando for devolvido o CDS.
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10 LIVROS EM INGLÊS RELACIONADOS COM «CREDIT DEFAULT SWAP»
Descubra o uso de
credit default swap na seguinte seleção bibliográfica. Livros relacionados com
credit default swap e pequenos extratos deles para contextualizar o seu uso na literatura.
1
The
Credit Default Swap Basis
In this updated Second Edition, author Moorad Choudhry, a market practitioner who has published widely in the field of credit derivatives, explores this dynamic discipline and examines the structural changes in the CDS market, including new ...
2
Recovery Risk in
Credit Default Swap Premia
Timo Schläfer exploits the fact that differently-ranking debt instruments of the same issuer face identical default risk but different default-conditional recovery rates.
3
Risk and Return of Capital Structure Arbitrage with
Credit ...
This study also contributes to the literature on information flows across markets by providing economically significant evidence that information flows from stock and options markets to CDS market.
4
Credit Derivatives: Application, Pricing, and Risk Management
Basket Credit Default Swaps: In a basket credit default swap, the reference
obligation con- sists of a basket of obligations. There are several types of basket
credit default swaps. In an N-to-default basket swap a payoff is triggered when
the Nth ...
5
CDS Delivery Option: Better Pricing of
Credit Default Swaps
The book includes detailed information on: how to value a CDS contract how to value the delivery option how contract value changes when the yield curve flattens or becomes steeper how contract value changes with bullish or bearish market ...
6
Credit Default Swap Trading Strategies
Credit. Derivative. Funding Funding Interest Rate Currency Figure 2.2: CDSs
provide the cleanest isolation of credit risk (source: Choudhry, 2006, p. 8) face
value of the bond. The deliverable bond is known as the reference obligation and
the ...
7
The
Credit Default Swap Market's Determinants, Efficiency, ...
INTRODUCTION & CDS MARKET OVERVIEW 1.1 Introduction The Credit
Default Swap (CDS) market is a rapidly growing market in which participants
such as banks and hedge funds actively trade credit risk. The increasing
availability of ...
Caitlin Ann Greatrex,
2008
8
Credit Default Swap Spreads and Variance Risk Premia (VRP)
Credit Default Swap Spreads and Variance Risk Premia Abstract We find that firm
-level variance risk premium, estimated as the difference between option- implied
and expected variances, has a prominent explanatory power for credit spreads ...
9
Overpricing in Emerging Market
Credit-
Default-
Swap ...
2005 International Monetary Fund WP/O5/125 IIVIF Working Paper Middle East
and Central Asia Department Overpricing in Emerging Market Credit-Default-
Swap Contracts: Some Evidence from Recent Distress Cases Prepared by ...
Jochen R. Andritzky, Manmohan Singh,
2005
10
The Mathematics of Financial Modeling and Investment Management
It could be a corporation, a sovereign government, or a bank loan. In contrast, a
reference obligation is a specific obligation for which protection is being sought.
In a credit default swap, the protection buyer pays a fee, the swap premium, to the
...
Sergio M. Focardi, Frank J. Fabozzi, CFA,
2004
10 NOTÍCIAS NAS QUAIS SE INCLUI O TERMO «CREDIT DEFAULT SWAP»
Conheça de que se fala nos meios de comunicação nacionais e internacionais e como se utiliza o termo
credit default swap no contexto das seguintes notícias.
ISDA Publishes Recommendation for an Amendment to the Single …
... Association, Inc. (ISDA) has published a recommendation for an amendment to the single-name credit default swap (CDS) roll frequency. «MarketWatch, jul 15»
Grexit is a painful process: Here are 5 steps that have to be taken …
The CDS rate (credit default swap is the rate charged for providing cover on any asset) for sovereign bonds of Greece had almost touched 80% ... «Firstpost, jul 15»
The Non-Profit Industrial Complex's Role in Imposing Neoliberalism …
Discussing track-home real estate mogul, toxic credit default swap purveyor, and Troubled Asset Relief Program (TARP) bailout recipient Eli ... «Truth-Out, jul 15»
Discord Inside Troika As IMF, France, Italy And Spain Question …
... Successor Reference Entities and other issues, based on information provided to the DCs by credit default swap (CDS) market participants. «ValueWalk, jul 15»
The Macro Environment Roundup
The small shift lower in credit default swap (CDS) costs at the short end of the yield curve can be ignored once again. Pseudo-real rates drifted ... «TheStreet.com, jul 15»
It's Not Greece Alone: Explaining And Defining Global Finance
By leverage, I mean the credit default swap (CDS) insurance being sold by many globally interconnected institutions ((tutes)). Germany cannot ... «Investing.com, jul 15»
What "Exit Door"?
To put this into perspective, the Credit Default Swap (CDS) market that nearly took down the financial system in 2008 was only a tenth of this ... «Gold Seek, jul 15»
Bank of America (BAC) Merrill Lynch: Note On Greece, China …
... than Bed Bath & Beyond Inc. (NASDAQ:BBBY), while the bonds sold by Puerto Rico have reached the Credit default swap (CDS) of 3,868. «Business Finance News, jul 15»
Global forex market
The five-year credit default swap fell 5 basis points to 132 – the biggest drop since March. UST market. US Treasuries rallied in response to the ... «The Star Online, jul 15»
Moody's confirms the rating of Natinium Financial Products plc …
... plc Series 2007-02 represents the repackaging of a portfolio of collateral assets with Natixis providing a credit default swap and asset swap. «Moodys.com, jul 15»