LOAN CREDIT DEFAULT SWAP (LCDS)
\lˈə͡ʊn kɹˈɛdɪt dɪfˈɒlt swˈɒp ˌɛlsˌiːdˌiːˈɛs], \lˈəʊn kɹˈɛdɪt dɪfˈɒlt swˈɒp ˌɛlsˌiːdˌiːˈɛs], \l_ˈəʊ_n k_ɹ_ˈɛ_d_ɪ_t d_ɪ_f_ˈɒ_l_t s_w_ˈɒ_p__ ˌɛ_l_s_ˌiː_d_ˌiː__ˈɛ_s]\
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Two entities make this type of swap or trade from a loan's credit exposure as a derivative. Sometimes an underlying entity's credit quality is the betting point used. Used as a hedge against credit exposure that a buyer can have, or used to obtain credit exposure for a seller.
By Henry Campbell Black
Word of the day
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.
Nearby Words
- loan commitment
- loan committee
- loan consolidation
- loan constant
- loan covenant
- LOAN CREDIT DEFAULT SWAP (LCDS)
- loan debenture
- loan for consumption
- loan for exchange
- loan for use
- loan grading