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Understanding Credit Default Swaps — Part 1
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Credit Default Swaps Emerge from Obscurity
Credit default swaps (CDS) have been making headlines recently as the financial crisis of 2008 has continued to expand into virtually every aspect of the global financial markets and economy. But what exactly is a credit default swap? Credit Default Swaps
Credit default swaps are, for all intents and purposes, simply insurance contracts for bond holders. However, to really understand these relatively new financial instruments—after all, they were only created in the late 1990s by folks at JPMorgan Chase—you have to start from the beginning and take a look at how companies and corporations raise capital. Let's take a look at the... Full Story |
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Submitted Nov 3, 2008 6:28pm
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