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Basics
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Credit
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Credit derivatives terminology
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Vinod Kothari Synthetic securities: Generically refers to securities which synthetically, that is, without actual investment in the host security or portfolio, create a position of risk or reward in a host security or portfolio. For example, synthetic equity creates a position of risk or reward in a certain equity or portfolio of equities, synthetic loan creates the position of risk/reward in a certain loan or portfolio of loans.
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