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Credit default swap (See Chapter 48 of the Vernimmen)
Credit default swap, the most conventional form of credit derivatives, allows one side to buy the protection against the default of its counterparty by regularly paying a third part a premium and receiving from it the pre-determined amount in the event of default.
Credit default swap (See Chapter 48 of the Vernimmen)
Credit default swap, the most conventional form of credit derivatives, allows one side to buy the protection against the default of its counterparty by regularly paying a third part a premium and receiving from it the pre-determined amount in the event of default.
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