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Basics
of Credit Derivatives
Credit
Derivatives: Market Info and awareness
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Credit derivatives terminology
By
Vinod Kothari
Credit
derivative: A
generic name for derivative contracts that seek to split the credit risk
from a host asset, and transfer such risk, defined either with reference
to certain credit events, or
the total rate of return, or credit
spread on a certain reference asset, or a basket, or portfolio of credit assets,
to one or more counterparties.
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