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Basics
of Credit Derivatives
Credit
Derivatives: Market Info and awareness
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Credit derivatives terminology
By
Vinod Kothari Market value: (1) Generically means the prevailing market value of a financial instrument, derivative or asset. (2) In the context of credit derivatives, means the market value of the reference obligation after the cooling-off period after happening of credit events. The market value forms the basis of credit event payments in a cash settlement.
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