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2017 | OriginalPaper | Chapter

6. Credit Risk Transfer with Single-Name Credit Default Swaps

Authors : Christopher L. Culp, Andria van der Merwe, Bettina J. Stärkle

Published in: The Palgrave Handbook of Unconventional Risk Transfer

Publisher: Springer International Publishing

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Abstract

Credit default swaps (CDSs) are the primary type of derivatives contracts with which market participants can protect themselves against the risk of a default by one or more underlying reference entities. We explore the recent market activity in CDSs, as well as the mechanics of CDSs, including documentation, triggering credit events on underlying reference entities, and settlement methods. We also explain how CDSs can be used to facilitate credit risk transfer.

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Metadata
Title
Credit Risk Transfer with Single-Name Credit Default Swaps
Authors
Christopher L. Culp
Andria van der Merwe
Bettina J. Stärkle
Copyright Year
2017
Book
The Palgrave Handbook of Unconventional Risk Transfer

Print ISBN: 978-3-319-59296-1

Electronic ISBN: 978-3-319-59297-8

Copyright Year: 2017

DOI
https://doi.org/10.1007/978-3-319-59297-8_6