The credit derivatives market started life with good intentions, designed as a risk management tool to help banks manage loan exposure to companies.
Now, after a sharp decline following the financial crisis, Wall Street is pushing a second act for single-name credit default swaps.
These are distinct from the CDS indices that provide exposure to whole classes of credit instead of just a single loan, which survived and thrived after the meltdown of AIG and other big sellers of single-name CDS.
您已阅读11%（494字），剩余89%（4142字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。