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Basics
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Credit
Derivatives: Market Info and awareness
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Credit derivatives terminology
By
Vinod Kothari Derivative: A contract to transfer to another person the risk on account of volatility in some underlying, such as interest rate, commodity price, exchange rate, credit risk, etc., computed with reference to a notional amount, such that the contract can be or is customarily net-settled. Derivative trades are usually distinguished as over-the-counter (OTC) and exchange-traded derivatives.
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