亨德利想到了一个我们所熟知的大规模杀伤性武器：信用违约互换(CDS)合约——对手方出售的实际上是企业债务的违约保险。
Hendry has lit upon a familiar weapon of mass destruction: credit default swaps (CDS) - in which a counterparty sells what is, in effect, bankruptcy insurance on underlying corporate debt.
本文以信用违约互换为研究对象，对其定价、合约设计以及应用等方面进行了研究，并尝试结合我国金融市场实际，探讨了信用违约互换在我国的应用问题。
This paper carries out a systemic study on pricing, documentation issues and application of credit default swap and put forwards implementation methods of developing credit default swaps in China.
应用推荐