IDEAS home Printed from https://ideas.repec.org/h/pal/psircp/978-3-319-93076-3_1.html
   My bibliography  Save this book chapter

Overview of CDS Products and Market Activity

In: Credit Default Swaps

Author

Listed:
  • Christopher L. Culp

    (Johns Hopkins University)

  • Andria van der Merwe

    (Johns Hopkins University)

  • Bettina J. Stärkle

    (Compass Lexecon)

Abstract

Credit default swaps (“CDSs”) are derivatives instruments that facilitate risk transfer between credit protection purchasers and sellers in global debt markets. The main types of CDSs are: (i) single-name CDSs that derive their values from bonds or loans issued by individual corporate, sovereign, or other reference entities; (ii) multi-name CDSs that derive their values from portfolios of multiple reference entities, indices of multiple reference entities, or tranched indices of multiple reference names; and (iii) asset-backed CDSs with cash flows based on the cash flows or values of specific assets (usually asset-backed securities). All three types of CDSs experienced contractions in notional amounts outstanding following the 2007 outbreak of the global credit crisis, but many types of CDSs remain vigorous, robust credit risk transfer instruments to date.

Suggested Citation

  • Christopher L. Culp & Andria van der Merwe & Bettina J. Stärkle, 2018. "Overview of CDS Products and Market Activity," Palgrave Studies in Risk and Insurance, in: Credit Default Swaps, chapter 0, pages 3-13, Palgrave Macmillan.
    • Handle: RePEc:pal:psircp:978-3-319-93076-3_1
    DOI: 10.1007/978-3-319-93076-3_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:psircp:978-3-319-93076-3_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.