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Multi-Name Credit Default Swap

A credit default swap in which the underlying reference is more than one name (reference entity, reference asset, reference obligation,...

Credit Event Physical Settlement

In the context of credit default swaps (CDS) and similar credit derivatives, settlement takes place once a credit event (bankruptcy,...

CDS-Implied Probability of Default

Default probability of an underlying deliverable obligation is the chance that it would fail to fulfill during the life of...

CDS-Implied Default Probability

Default probability of an underlying deliverable obligation is the chance that it would fail to fulfill during the life of...

Layer-Loss Credit Default Swap

It stands for layer-loss credit default swap; a basket-linked credit default swap (basket-linked CDS) which protects the buyer (the long)...

Layer-Loss CDS

It stands for layer-loss credit default swap; a basket-linked credit default swap (basket-linked CDS) which protects the buyer (the long)...

LLCDS

It stands for layer-loss credit default swap; a basket-linked credit default swap (basket-linked CDS) which protects the buyer (the long)...

STCDS

It stands for standardized tranche credit default swap; a type of first loss credit default swaps (FLCDS) or tranche loss...

CLCD

It stands for credit-linked certificate of deposit; a credit-linked hybrid that combines a deposit (certificate of deposit, CD) with a...

Credit-Linked Certificate of Deposit

A credit-linked hybrid that combines a deposit (certificate of deposit, CD) with a credit default swap that the investor (depositor)...