Protection
Another term for a CDS contract.
Example: After Comcast's earnings report, we saw large buyers of 5-year protection. (Translation, after the report, many buyers were looking for protection against Comcast defaulting via CDS contracts.)
Definitions of bond market slang, jargon, and cliches
Another term for a CDS contract.
Example: After Comcast's earnings report, we saw large buyers of 5-year protection. (Translation, after the report, many buyers were looking for protection against Comcast defaulting via CDS contracts.)
Posted by
Accrued Interest
at
8:57 AM
1 comment:
I find explanations like this very helpful in understanding complex financial instruments.
Post a Comment