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.
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.
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.
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.
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.
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