Archives - No. 1/2009all articles
Credit default swaps
Warning: count(): Parameter must be an array or an object that implements Countable in /var/www/clients/client4/web58/web/wp-includes/post-template.php on line 284
Błażej Prusak
Up until the year 2008 the credit derivatives market had been skyrocketing. Unfortunately in the year 2008 it turned out that credit derivatives were the cause of a worldwide financial crisis. One of the most popular and useful credit derivatives is the credit default swap which is presented in this paper. The author describes CDS transactions and shows forms of this product. Moreover the advantages and disadvantages of this derivative are depicted.