对几家较小的欧洲银行而言，信用违约掉期息差属于恐怖等级。
For a few smaller European Banks these spreads are at scary levels.
对于公司的信用违约掉期而言，在申明该公司发生了违约事件并赔付补偿金之前，对其债务偿付都有一段宽限期。
A corporation generally has a grace period on its debt payments before a credit event is declared and protection is paid off.
尽管他就过度监管的危害向议员们提出了警告，他承认信用违约掉期存在着“严重问题”；在一些尖锐的问题之后，格林斯潘同意应当对这类产品实施监管。
While he cautioned the lawmakers against excessive regulation, he said credit-default swaps "have serious problems" and, after some pointed questions, agreed they should be subject to oversight.
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