Cancellation of debt (COD) income is a term used in the US to describe the...
A payout following a credit event in which the protection seller pays the...
See collateralised debt obligation.
A family of mainly North American credit indices administered by Markit.
Chemtura is a Middlebury, Connecticut-based chemicals company with $1.2 billion...
Cheyne is a European credit specialist and alternative asset manager. ...
See collateralised loan obligation.
A CDO consisting of corporate bond exposures.
A CDO consisting of corporate loan exposures.
See implied correlation, default correlation.
The risk that a counterparty to a derivative trade will be unable or unwilling...
A class of creditors is said to be crammed down if it is forced to accept the...
Credit default swaps, also known as default swaps, credit swaps and CDS, are the...
An event that gives a protection buyer the right to settle a credit derivative....
See tradable credit fixings.
A credit derivative index is a basket of single name credit default swaps with...
An option on a credit default swap. Credit swaptions allow traders to take a...
See implied spread volatility.
A funded credit default swap in which an investor sells protection by buying a...
A provision in a debt instruments that allows it to be accelerated if there is a...
Or reserve, see constant proportion portfolio insurance.
