A situation that arises when a party to a contract or transaction has more information about it than the other...
A situation that arises when a party to a contract or transaction has more information about it than the other...
An option whose payoff depends on the spread between the yields earned on two underlying assets. For example, this option...
The spread that is attributed to the credit risk associated with a defaultable instrument (e.g., a credit default swap or...
The spread that is attributed to the credit risk associated with a defaultable instrument (e.g., a credit default swap or...
The spread that is attributed to the credit risk associated with a defaultable instrument (e.g., a credit default swap or...
In connection with a default swap (or a credit default swap), it is the periodic payment that is made by...
In connection with a default swap (or a credit default swap), it is the periodic payment that is made by...
Selling a credit default swap (CDS); a short position in a credit default swap (CDS). It is equivalent to longing...
It stands for collateral value adjustment/ collateral valuation adjustment; the pricing adjustment made for a collateralized derivative. It represents the cost of...