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.
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.
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。
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