X hits on this document

150 views

0 shares

0 downloads

0 comments

6 / 62

What is the reference entity? Or on what is the credit protection?

Reference Entity

The specific entity subject to the CDS

Mergers/Spin-offs are covered by rules

Reference Obligations

Used to determine the seniority of the deliverable obligation

Obligations

Which obligations can trigger a credit event

All borrowed money

»

Including loans, bonds, deposits etc

Bonds and/or loans

A specific security of loan

»

e.g. the 5% of 2020

Credit Derivative Instruments

Document info
Document views150
Page views148
Page last viewedWed Dec 07 12:53:12 UTC 2016
Pages62
Paragraphs1161
Words4308

Comments