Credit Default Swap

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Definition:
A Credit Default Swap (CDS) is a credit derivative (swap) which transfers credit risk from one party to another. The buyer of the CDS makes regular payments to the seller and will receive payment for the remaining interest and principal of the underlying financial instrument should it default (known as a credit event).

Related Concepts:

Bankruptcy
Credit Event
Hedge
Reference Asset
Reverse Trading
Swap
 

Available Positions Related to Credit Default Swap:

Alternative Investments jobs

Hedge Fund jobs

 

Relevant Functional Areas:
Alternative Investments
Hedge Funds
Sales & Trading
 

Related Job Titles:
Clearance & Settlements Specialist
Credit Risk
Trader
Wholesaler
 

Synonyms:
CDS
 

 

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