A credit default swap (CDS) is a financial derivative or contract that allows an investor to "swap" credit risk with another investor. To swap default risk, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults. Credit default swaps are often used to transfer credit exposure on fixed income products to hedge risk.
기업이 부도나서 채권, 대출 원리금을 돌려받지 못할 위험에 대비한 신용파생상품
A credit default swap (CDS) is a financial derivative or contract that allows an investor to "swap" credit risk with another investor. To swap default risk, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults. Credit default swaps are often used to transfer credit exposure on fixed income products to hedge risk.