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。
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。
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