Credit Default Swaps?
Anonomous asked:
I know what a CDS, but my question is this, You have to buy corporate debt that you secure? Or, you may pay such awards in the value of 10million U.S. dollars of the debt of General Motors and receive payment from the CDS in case of default without actually holding the underlying debt …?
I know what a CDS, but my question is this, You have to buy corporate debt that you secure? Or, you may pay such awards in the value of 10million U.S. dollars of the debt of General Motors and receive payment from the CDS in case of default without actually holding the underlying debt …?
July 18th, 2009 in
CDS Contracts | tags: Corporate Debt, Credit Default Swaps, General Motors, Premiums
An insurable interest in order to buy the gm debt in theory you need an insurable interest in theory you need an insurable interest in order to own the period from 2002007.