Under a CDS, one party seeks to protect itself against the default of a bond issuer by paying an annual sum—the equivalent of an insurance premium—to someone else who wants to take on the risk.
在信用违约掉期条款下，一方为了保护自己免受国债发行者债务违约的风险，支付一定年费（相当于保险费）给第三方，让第三方来承担相应的风险。
Mortality risk bond is material application in securitization of life insurance.
死亡风险债券是寿险风险证券化的一种具体应用。
Through the CAT Bond, risk is transferred from insurance market to capital market.
在巨灾风险证券化的多种形式中，巨灾债券是发行量最大、最成功的一种。
Through the CAT Bond, risk is transferred from insurance market to capital market.
在巨灾风险证券化的多种形式中，巨灾债券是发行量最大、最成功的一种。
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