... also buy CDS contracts referencing XYZ Corp debt, without actually owning any XYZ...CDS contract expires, or until XYZ Corp defaults. All things being equal, ... of default) which arises from holding debt. Typically, the holder of, ... after 5 years from Risky Corp. Though the protection payments totalling $... then Description Premium Payment PV Default Payment PV Probability Default at ...

http://electro-justice.livejournal.com/1134.html
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Published: 6 months, 2 weeks ago (Sun, 28 Dec 2008 13:33:14 PST); 59 Kb
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