|
|||
|
Basics
of Credit Derivatives
Credit
Derivatives: Market Info and awareness
Knowledge
base
We
expect..
Personally
speaking
Our other sites:
Copyright: All materials on this site, unless otherwise specified, are sole intellectual property of Vinod Kothari and their reproduction in any form is a violation of copyright law. |
Credit derivatives terminology
By
Vinod Kothari Moratorium: Generically means the time period allowed before repayments or payment of interest on a loan begin. In the context of credit derivatives, as a credit event, moratorium means the statutory or other action by a reference entity whereby the reference entity grants to itself a moratorium during which interest and principal payments will stand deferred. Usually, such action is taken by sovereigns during financial difficulties. See also credit event.
|
||