flaunt
发表于 2025-3-28 15:33:10
Asset-Backed CDSsugh such asset-backed CDSs (“ABCDSs”) have virtually disappeared since the outbreak of the credit crisis, the fundamental idea behind pay-as-you-go ABCDSs is sound, and such products could well re-emerge again (albeit not necessarily based on US subprime mortgage-based ABSs).
exceed
发表于 2025-3-28 19:36:28
Potential Benefits of CDSsmation to CDS users and other market participants about the expected default risks, recovery rates, potential interconnectedness, and other aspects of underlying reference names. We discuss here these potential benefits of CDSs.
毕业典礼
发表于 2025-3-28 23:47:21
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Aids209
发表于 2025-3-29 06:36:57
Inter-Market Basis Relations of single-name CDS trading initially has adverse impacts on the liquidity of related debt and equity markets, but that those effects are transitory and may be later reversed as the related markets reach a joint equilibrium.
inventory
发表于 2025-3-29 09:32:16
Interconnectedness and Systemic Risktransmission mechanisms for economic shocks but not generally a cause of those shocks; and (iii) a “sovereign-bank” loop integrates the financial condition of the banking sector with sovereign credit risks.
slow-wave-sleep
发表于 2025-3-29 13:24:37
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overrule
发表于 2025-3-29 16:33:13
Single-Name CDSses issued by an underlying reference entity from credit protection purchasers to sellers. Underlying reference names include corporations, sovereigns, and other borrowers. Payments by protections sellers to purchasers are based on the occurrence of any of several credit events, as defined in the doc
殖民地
发表于 2025-3-29 19:44:32
Loan-Only CDSs are based. We then review the significant distinctions between single-name CDSs (typically based on bonds issued by reference entities) and LCDSs with loan-specific deliverable obligations. Such distinctions include reference entity credit events that trigger LCDSs, the timing of coupon payments on
一条卷发
发表于 2025-3-30 03:33:28
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开头
发表于 2025-3-30 07:26:41
Asset-Backed CDSsbased 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