Titlebook: Credit Default Swaps; Mechanics and Empiri Christopher L. Culp,Andria van der Merwe,Bettina J Book 2018 The Editor(s) (if applicable) and T

冬眠

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

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refine

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

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

Inordinate

Sinus-Rhythm

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

Senescent

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

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.