contingent credit default swap (CCDS)

Definition

Modification of the credit default swap where an additional event beyond that of the original credit event occurs. In a credit default swap, the credit risk of a fixed income product is transferred from buyer to the seller.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
contingent convertibles (CoCos) contingent deferred sales charge