其目的是建立一个清算所同时是一个电子交易系统,可以显示信贷违约互换产品的价格。
The goal was to set up a clearinghouse as well as an electronic trading system that would display prices for credit default swaps.
相比之下,雷曼未受监管的信贷违约互换和非清算利率互换合约则引发了市场的混乱,因为这些合约没有进行集中清算。
Compare this to the failure of Lehman's unregulated credit default swaps and non-cleared interest rate swaps, which triggered chaos in the market because these contracts were not centrally cleared.
尽管当这一消息爆出之后,美国的股市出现下跌,国债的信贷违约互换利差也有所拉大,但是债券市场表现却异常平静,当日收益率仍以低位收盘。
Although stocks fell and credit-default swaps on American debt widened when the news broke, the bond market remained oddly unruffled: yields ended lower on the day.
作为信贷违约互换产品(CDS)的主要经营商,合约常常用于支撑一家公司偿还账务的能力。摩根大通也许发现他们正被卷入另一场漩涡中。
As the leading dealer in the market for credit-default swaps (CDS), contracts used to punt on a company's ability to repay its debt, JPMorgan Chase could find itself dragged into another maelstrom.
信贷违约互换曾备受称赞,被认为是一种能够通过规避公司信贷违约风险来提供保护的手段,而实际上,它却放大了不确定性,因为买家怀疑如果提出请求,卖家是否真的能付清钱款。
Once lauded as a way of offering protection against the risk of companies defaulting, CDSs instead magnified uncertainty as buyers wondered whether sellers could really afford to pay up if called on.
周二的时候,以信贷互换违约利差计算的大机构借贷成本下降。
Borrowing costs for big financial institutions plunged on Tuesday, as measured by credit-default swap spreads.
在过去几年中,该市场最快的增长发生在信用违约互换(CDS)领域,利用此类和约,人们可以对这些新奇信贷产品的违约进行投保。
In the past couple of years the fastest-growing corner of these markets was credit-default swaps, which allowed people to insure against the failure of the new-fangled credit products.
阿根廷的信贷风险的一种度量信用违约互换的价格(这是信贷风险的一种度量)上升到史无前例的高度。
Prices of Argentina's credit-default swaps, a gauge of credit risk, rose to their highest-ever level.
德意志银行的资产负债表的规模能够很好的解释为什么他们会拥有极高的信用违约互换(一种防范信贷违约风险的对冲手段)净值。在资产负债表中信用违约互换被记录在了每一笔企业借款的借方。
The size of Deutsche's balance-sheet helps to explain why it has the highest net amount of credit-default swaps, a type of insurance against default, written on its debt of any corporate borrower.
信用互换/ 信用违约互换能够将有价证券的信贷风险转移给第三方的互惠信贷、对拖欠的本息支付负责的互换。
Credit Swap/Credit Default SwapA swap that allows the transfer of credit risk of a security to a third party, responsible for payment of principal and interest on default.
信用互换/ 信用违约互换能够将有价证券的信贷风险转移给第三方的互惠信贷、对拖欠的本息支付负责的互换。
Credit Swap/Credit Default SwapA swap that allows the transfer of credit risk of a security to a third party, responsible for payment of principal and interest on default.
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