“Large amounts of risk, particularly credit risk, have become concentrated in the hands of relatively few derivatives dealers, ” he wrote. “The troubles of one could quickly infect the others.”

大量的风险，特别是信贷风险，已集中在一小撮衍生品交易商手中，其中任何一家出现的麻烦都会迅即地传染给其余几家。

youdao

The biggest worry is the effect on derivatives markets, particularly the giant one for credit-default swaps.

最令人担心是这次事件对衍生品市场的影响，特别是那些从事信贷违约交易的巨头。

youdao

You and your partner, Warren Buffett, have for years complained and warned about the dangers ve perceived in the modern derivatives markets, particularly credit derivatives, and also concerns about interest rate swaps, currency swaps, and equity swaps.

你和你的合伙人，沃伦，巴菲特,多年来一直提醒现代衍生品市场中,存在的危险，that，you’,尤其是信用衍生品，利率掉期，货币互换和股票互换。

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According to Jon Jonsson, European credit-derivatives strategist at Merrill Lynch, they were particularly caught by differences between European and American corporate law.

ECONOMIST: Credit derivatives