The 12 American States With Highest Borrowing Risk
thestatedtruth.com | December 2, 2010
A holder of a bond may “buy protection†to hedge its risk of default. In its simplest form, a credit default swap is a bilateral contract between the buyer and seller of protection. The CDS will refer to a “reference entity” or “reference obligor”, usually a corporation or government. The reference entity is not a […]