Gikhman, Ilya - Volkswirtschaftliche Fakultät, … - 2008
general debt problems is presenting the price given the RR. The problem of a credit default swap (CDS) pricing is somewhat an … investment is related to the loss if default occurs. There exist a possibility for a risky bond buyer to reduce his credit risk … CDS can be described as follows. The buyer of the credit swap pays fixed rate or coupon until maturity or default if it …