冬眠
发表于 2025-3-23 13:47:04
https://doi.org/10.1007/978-3-319-63856-0based ABSs, and tranches of collateralized debt obligations (“CDOs”)) are not amenable to the same ISDA credit definitions applied to single-name CDSs based on specific reference entities. To address the specialized nature of CDSs backed by ABSs, ISDA published in 2005 and 2006 “pay-as-you-go” docum
询问
发表于 2025-3-23 17:27:22
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refine
发表于 2025-3-23 21:34:30
https://doi.org/10.1007/978-981-13-9714-1anagement process. By supplementing loan sales and securitizations with another credit risk management tool, CDSs give lenders flexibility in choosing a preferred credit risk transfer solution, which can free up capital and facilitate additional lending to reference entity borrowers. CDSs can also b
Dungeon
发表于 2025-3-23 22:10:36
https://doi.org/10.1007/978-3-319-63859-1ier loans, not doing sufficient up-front due diligence, and/or underinvesting in ongoing credit risk monitoring of borrowers; (ii) lenders hedging the credit exposure of borrowers could be biased toward forcing borrowers into bankruptcy in lieu of pursuing debt restructurings; (iii) speculators with
甜食
发表于 2025-3-24 02:23:08
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Inordinate
发表于 2025-3-24 08:02:17
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Sinus-Rhythm
发表于 2025-3-24 12:50:20
Xinyi Wang,Zhenghong Yang,Shaozhang Niuities. We review the empirical academic literature on which of the three markets is the Primary Price Discovery Market (“PPDM”) and find that CDS spreads lead corresponding cash bond prices in price discovery. The PPDM is more empirically ambiguous when comparing CDSs and equities. We also review th
孵卵器
发表于 2025-3-24 17:17:59
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Senescent
发表于 2025-3-24 22:55:02
Book 2018mes of market crises. It also discusses the mechanics of single-name and index CDSs, the theoretical costs and benefits of CDSs, as well as comprehensively summarizes. .the empirical evidence on important aspects of these instruments of risk transfer. Full-time academics, researchers at financial in
MILL
发表于 2025-3-25 01:07:44
Loan-Only CDSs LCDSs, the specific obligations underlying LCDSs that are deliverable into LCDS-specific auctions or physical settlements, and the embedded cancellation options in LCDSs corresponding to prepayments on underlying broadly syndicated term loans.