Credit default swaps (CDS) are derivatives that allow investors to protect against credit events such as a downgrade or default, the same name or a basket of borrowers. Approximate group of international payments to be $ 32.6 trillion in December 2009, the documents are one of the largest and fastest growing financial markets around the world. This note is intended to introduce students to CDS, pricing basis, as well as the 2008 mortgage crisis. "Hide
by Muhammad Fuad Farooqi, Walid Busaba, Zeigham Khokher 9 pages. Publication Date: September 3, 2010. Prod. #: 910N27-PDF-ENG