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Credit default swap

Index Credit default swap

A credit default swap (CDS) is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a debt default (by the debtor) or other credit event. [1]

162 relations: Accounting standard, Actuarial science, Alan White (economist), American International Group, Aptiv, Arbitrage, Arrears, Asset swap, Asset-backed security, Balance sheet, Bank for International Settlements, Bank of France, Bankers Trust, Bankruptcy of Lehman Brothers, Basel I, Basis point, Basis trading, Basket (finance), Bear Stearns, Berkshire Hathaway, Blythe Masters, Bond (finance), Bond credit rating, Bond insurance, Brookings Institution, Bucket shop (stock market), Calpine, Capital structure, Chapter 11, Title 11, United States Code, Clearing house (finance), CME Group, CNO Financial Group, Collateral (finance), Collateralized debt obligation, Collins & Aikman, Commodity Futures Modernization Act of 2000, Commodity Futures Trading Commission, Constant maturity credit default swap, Corporate bond, Counterparty, Credit default option, Credit default swap index, Credit derivative, Credit event, Credit rating, Credit rating agency, Credit risk, Credit-linked note, CUSIP-linked MIP code, Dana Incorporated, ..., Darrell Duffie, Default (finance), Delta Air Lines, Depository Trust & Clearing Corporation, Derivative Dribble, Deutsche Bank, Discounted cash flow, Discounting, Domino effect, Double default, Drug development, Dura Automotive Systems, Dutch auction, Ecuador, Enron loophole, European Bank for Reconstruction and Development, Event of default, Exchange (organized market), Exponential decay, Exxon, Exxon Valdez oil spill, Face value, Fannie Mae, Felix Salmon, Financial crisis of 2007–2008, Financial risk management, Financial Times, Financialization, Freddie Mac, General Motors Chapter 11 reorganization, George Soros, Glitnir (bank), Goldman Sachs, Government bond, Great Recession, Greek government-debt crisis, Haircut (finance), Hawaiian Telcom, Hedge (finance), Hedge accounting, Hedge fund, High-yield debt, IMM dates, Income statement, Inside Job (2010 film), Insurable interest, Intercontinental Exchange, Interest rate swap, Internal Revenue Service, International Swaps and Derivatives Association, Investment banking, J.P. Morgan & Co., John C. Hull, Journal of Applied Corporate Finance, JPMorgan Chase, Kaupthing Bank, Landsbanki, Law of large numbers, Lehman Brothers, Leveraged buyout, Libor, Liquidity risk, Long (finance), Loss reserving, LyondellBasell, Margin (finance), Mark-to-market accounting, MarketWatch, Markit, MBIA, Merrill Lynch, Mortgage-backed security, Movie Gallery, Mutual fund, Northwest Airlines, Notional amount, Notional principal contract, Option (finance), Over-the-counter (finance), Par value, Participation loan, PAUG, Present value, Private Equity Growth Capital Council, Punitive damages, Quebecor World, Real estate bubble, Recovery swap, RNPV, Savings and loan crisis, SEC Rule 144A, Security (finance), Seeking Alpha, Short (finance), Special-purpose entity, Speculation, Stanford Graduate School of Business, Swap (finance), Synthetic CDO, Systemic risk, Tembec, Title 11 of the United States Code, Toxic asset, Tribune Media, U.S. Securities and Exchange Commission, University of Toronto, Volatility (finance), Warren Buffett, Washington Mutual, Yield spread, 1997 Asian financial crisis, 2012 JPMorgan Chase trading loss. Expand index (112 more) »

Accounting standard

Financial statements prepared and presented by a company typically follow an external standard that specifically guides their preparation.

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Actuarial science

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions.

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Alan White (economist)

Alan D. White is a University of Toronto finance professor, a specialist in financial engineering, best known for the Hull-White Interest Rate Model and associated numerical procedures, authored with John Hull.

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American International Group

American International Group, Inc., also known as AIG, is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions.

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Aptiv

Aptiv PLC (stylised as •APTIV•, formerly known as Delphi Automotive PLC) is a global technology company headquartered in Dublin, Ireland.

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Arbitrage

In economics and finance, arbitrage is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices.

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Arrears

Arrears (or arrearage) is a legal term for the part of a debt that is overdue after missing one or more required payments.

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Asset swap

An asset swap refers to an exchange of tangible for intangible assets, in accountancy, or, in finance, to the exchange of the flow of payments from a given security (the asset) for a different set of cash flows.

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Asset-backed security

An asset-backed security (ABS) is a security whose income payments and hence value are derived from and collateralized (or "backed") by a specified pool of underlying assets.

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Balance sheet

In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as Government or not-for-profit entity.

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Bank for International Settlements

The Bank for International Settlements (BIS) is an international financial institution owned by central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks".

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Bank of France

The Bank of France known in French as the Banque de France, headquartered in Paris, is the central bank of France; it is linked to the European Central Bank (ECB).

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Bankers Trust

Bankers Trust was a historic American banking organization.

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Bankruptcy of Lehman Brothers

The filing for Chapter 11 bankruptcy protection by financial services firm Lehman Brothers on September 15, 2008, remains the largest bankruptcy filing in U.S. history, with Lehman holding over in assets.

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Basel I

Basel I is the round of deliberations by central bankers from around the world, and in 1988, the Basel Committee on Banking Supervision (BCBS) in Basel, Switzerland, published a set of minimum capital requirements for banks.

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Basis point

A basis point (often denoted as bp, often pronounced as "bip" or "beep") is (a difference of) one hundredth of a percent or equivalently one ten thousandth.

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Basis trading

Basis trading is a financial trading strategy which consists of the purchase of a particular financial instrument or commodity and the sale of its related derivative (for example the purchase of a particular bond and the sale of a related futures contract).

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Basket (finance)

In finance, a basket is a group of several securities created for the purpose of simultaneous buying or selling.

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Bear Stearns

The Bear Stearns Companies, Inc. was a New York-based global investment bank, securities trading and brokerage firm that failed in 2008 as part of the global financial crisis and recession, and was subsequently sold to JPMorgan Chase.

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Berkshire Hathaway

Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States.

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Blythe Masters

Blythe Masters (born 22 March 1969) is a former executive at JPMorgan Chase.

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Bond (finance)

In finance, a bond is an instrument of indebtedness of the bond issuer to the holders.

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Bond credit rating

In investment, the bond credit rating represents the credit worthiness of corporate or government bonds.

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Bond insurance

Bond insurance (also known as "financial guaranty insurance") is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or security.

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Brookings Institution

The Brookings Institution is a century-old American research group on Think Tank Row in Washington, D.C. It conducts research and education in the social sciences, primarily in economics, metropolitan policy, governance, foreign policy, and global economy and development.

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Bucket shop (stock market)

As defined by the U.S. Supreme Court, a bucket shop is "an establishment, nominally for the transaction of a stock exchange business, or business of similar character, but really for the registration of bets, or wagers, usually for small amounts, on the rise or fall of the prices of stocks, grain, oil, etc., there being no transfer or delivery of the stock or commodities nominally dealt in." A person who engages in the practice is referred to as a bucketeer and the practice is sometimes referred to as bucketeering.

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Calpine

Calpine Corporation is the largest generator of electricity from natural gas and geothermal resources in the United States, with operations in competitive power markets.

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Capital structure

In finance, particularly corporate finance capital structure is the way a corporation finances its assets through some combination of equity, debt, or hybrid securities.

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Chapter 11, Title 11, United States Code

Chapter 11 is a chapter of Title 11, the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States.

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Clearing house (finance)

A clearing house is a financial institution formed to facilitate the exchange (i.e., clearance) of payments, securities, or derivatives transactions.

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CME Group

CME Group Inc. (Chicago Mercantile Exchange & Chicago Board of Trade) is an American financial market company operating an options and futures exchange.

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CNO Financial Group

CNO Financial Group, Inc.

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Collateral (finance)

In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan.

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Collateralized debt obligation

A collateralized debt obligation (CDO) is a type of structured asset-backed security (ABS).

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Collins & Aikman

Collins & Aikman Corporation was an automotive manufacturer of cockpit modules and automotive floor and acoustic systems and a supplier of instrument panels, automotive fabric, plastic based trim and convertible top systems.

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Commodity Futures Modernization Act of 2000

The Commodity Futures Modernization Act of 2000 (CFMA) is United States federal legislation that officially ensured modernized regulation of financial products known as over-the-counter derivatives.

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Commodity Futures Trading Commission

The U.S. Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974, that regulates futures and option markets.

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Constant maturity credit default swap

A constant maturity credit default swap (CMCDS) is a type of credit derivative product, similar to a standard credit default swap (CDS).

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Corporate bond

A corporate bond is a bond issued by a corporation in order to raise financing for a variety of reasons such as to ongoing operations, M&A, or to expand business.

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Counterparty

A counterparty (sometimes contraparty) is a legal entity, unincorporated entity, or collection of entities to which an exposure to financial risk might exist.

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Credit default option

In finance, a default option, credit default swaption or credit default option is an option to buy protection (payer option) or sell protection (receiver option) as a credit default swap on a specific reference credit with a specific maturity.

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Credit default swap index

A credit default swap index is a credit derivative used to hedge credit risk or to take a position on a basket of credit entities.

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Credit derivative

In finance, a credit derivative refers to any one of "various instruments and techniques designed to separate and then transfer the credit risk"The Economist Passing on the risks 2 November 1996 or the risk of an event of default of a corporate or sovereign borrower, transferring it to an entity other than the lender or debtholder.

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Credit event

A credit event occurs when a person or organization defaults on a significant transaction.

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Credit rating

A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting.

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Credit rating agency

A credit rating agency (CRA, also called a ratings service) is a company that assigns credit ratings, which rate a debtor's ability to pay back debt by making timely interest payments and the likelihood of default.

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Credit risk

A credit risk is the risk of default on a debt that may arise from a borrower failing to make required payments.

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Credit-linked note

A credit linked note (CLN) is a form of funded credit derivative.

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CUSIP-linked MIP code

The CUSIP-linked MIP code (CLIP) is used in the financial derivatives markets to identify the reference entity of a credit default swap.

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Dana Incorporated

Dana Incorporated is an American worldwide supplier of drivetrain, sealing, and thermal-management technologies.

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Darrell Duffie

James Darrell Duffie (born May 23, 1954) is a Canadian financial economist, is Dean Witter Distinguished Professor of Finance at Stanford Graduate School of Business.

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Default (finance)

In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity.

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Delta Air Lines

Delta Air Lines, Inc., commonly referred to as Delta, is a major United States airline, with its headquarters and largest hub at Hartsfield–Jackson Atlanta International Airport in Atlanta, Georgia.

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Depository Trust & Clearing Corporation

The Depository Trust & Clearing Corporation (DTCC) is an American post-trade financial services company providing clearing and settlement services to the financial markets.

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Derivative Dribble

Derivative Dribble is a blog written by Charles Davi focused on finance, particularly derivatives and structured products.

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Deutsche Bank

Deutsche Bank AG is a German investment bank and financial services company headquartered in Frankfurt, Hesse, Germany.

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Discounted cash flow

In finance, discounted cash flow (DCF) analysis is a method of valuing a project, company, or asset using the concepts of the time value of money.

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Discounting

Discounting is a financial mechanism in which a debtor obtains the right to delay payments to a creditor, for a defined period of time, in exchange for a charge or fee.

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Domino effect

A domino effect or chain reaction is the cumulative effect produced when one event sets off a chain of similar events.

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Double default

Double default occurs in banking, when the obligor and the guarantor fail to meet their obligations.

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Drug development

Drug development is the process of bringing a new pharmaceutical drug to the market once a lead compound has been identified through the process of drug discovery.

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Dura Automotive Systems

Dura Automotive Systems (or Dura) is an independent designer and manufacturer of automotive components, including control systems, exterior systems and lightweight structural systems.

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Dutch auction

A Dutch auction is one of several similar kinds of auctions.

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Ecuador

Ecuador (Ikwadur), officially the Republic of Ecuador (República del Ecuador, which literally translates as "Republic of the Equator"; Ikwadur Ripuwlika), is a representative democratic republic in northwestern South America, bordered by Colombia on the north, Peru on the east and south, and the Pacific Ocean to the west.

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Enron loophole

The "Enron loophole" exempts most over-the-counter energy trades and trading on electronic energy commodity markets from government regulation.

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European Bank for Reconstruction and Development

The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991.

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Event of default

Default is the occurrence of an event or circumstance against which a party to a contract seeks protection.

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Exchange (organized market)

An exchange, or bourse also known as a trading exchange or trading venue, is an organized market where (especially) tradable securities, commodities, foreign exchange, futures, and options contracts are sold and bought.

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Exponential decay

A quantity is subject to exponential decay if it decreases at a rate proportional to its current value.

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Exxon

Exxon was the brand name of oil and natural resources company Exxon Corporation, prior to 1972 known as Standard Oil Company of New Jersey.

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Exxon Valdez oil spill

The Exxon Valdez oil spill occurred in Prince William Sound, Alaska, March 24, 1989, when Exxon Valdez, an oil tanker owned by Exxon Shipping Company, bound for Long Beach, California, struck Prince William Sound's Bligh Reef at 12:04 am local time and spilled of crude oil over the next few days.

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Face value

The face value is the value of a coin, stamp or paper money, as printed on the coin, stamp or bill itself by the issuing authority.

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Fannie Mae

The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company.

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Felix Salmon

Felix Salmon (born 1972) is a financial journalist, formerly of Portfolio Magazine and Euromoney and a former finance blogger for Reuters, where he analyzed economic and occasionally social issues in addition to financial commentary.

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Financial crisis of 2007–2008

The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.

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Financial risk management

Financial risk management is the practice of economic value in a firm by using financial instruments to manage exposure to risk: operational risk, credit risk and market risk, foreign exchange risk, shape risk, volatility risk, liquidity risk, inflation risk, business risk, legal risk, reputational risk, sector risk etc.

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Financial Times

The Financial Times (FT) is a Japanese-owned (since 2015), English-language international daily newspaper headquartered in London, with a special emphasis on business and economic news.

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Financialization

Financialization is a term sometimes used to describe the development of financial capitalism during the period from 1980 until 2010, in which debt-to-equity ratios increased and financial services accounted for an increasing share of national income relative to other sectors.

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Freddie Mac

The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac, is a public government-sponsored enterprise (GSE), headquartered in Tysons Corner, Virginia.

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General Motors Chapter 11 reorganization

The 2009 General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through Chapter 11, Title 11, United States Code in the United States bankruptcy court for the Southern District of New York.

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George Soros

George Soros, Hon (Soros György,; born György Schwartz; August 12, 1930) is a Hungarian-American investor, business magnate, philanthropist, political activist and author.

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Glitnir (bank)

Glitnir was an international Icelandic bank.

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Goldman Sachs

The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company headquartered in New York City.

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Government bond

A government bond or sovereign bond is a bond issued by a national government, generally with a promise to pay periodic interest payments and to repay the face value on the maturity date.

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Great Recession

The Great Recession was a period of general economic decline observed in world markets during the late 2000s and early 2010s.

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Greek government-debt crisis

The Greek government-debt crisis (also known as the Greek Depression) was the sovereign debt crisis faced by Greece in the aftermath of the financial crisis of 2007–08.

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Haircut (finance)

In finance, a haircut is the difference between the market value of an asset used as loan collateral and the value ascribed to that asset when used as collateral for that loan (i.e. an ascribed (nominal) reduction to the value of that asset, when it is used as collateral).

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Hawaiian Telcom

Hawaiian Telcom, Inc., is the incumbent local exchange carrier (ILEC) or dominant local telephone company, serving the state of Hawaii.

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Hedge (finance)

A hedge is an investment position intended to offset potential losses or gains that may be incurred by a companion investment.

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Hedge accounting

Hedge accounting is an accountancy practice, the aim of which is to provide an offset to the mark-to-market movement of the derivative in the profit and loss account.

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Hedge fund

A hedge fund is an investment fund that pools capital from accredited individuals or institutional investors and invests in a variety of assets, often with complex portfolio-construction and risk-management techniques.

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High-yield debt

In finance, a high-yield bond (non-investment-grade bond, speculative-grade bond, or junk bond) is a bond that is rated below investment grade.

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IMM dates

The IMM dates are the four quarterly dates of each year which most futures contracts and option contracts use as their scheduled maturity date or termination date.

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Income statement

An income statement or profit and loss accountProfessional English in Use - Finance, Cambridge University Press, p. 10 (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, operating statement, or statement of operations) is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period.

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Inside Job (2010 film)

Inside Job is a 2010 American documentary film, directed by Charles Ferguson, about the late-2000s financial crisis.

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Insurable interest

Insurable interest, It exists when an insured person derives a financial or other kind of benefit from the continuous existence, without impairment or damage, of the insured object (or in the case of a person, their continued survival).

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Intercontinental Exchange

Intercontinental Exchange is an American company that owns exchanges for financial and commodity markets, and operates 23 regulated exchanges and marketplaces.

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Interest rate swap

In finance, an interest rate swap (IRS) is an interest rate derivative (IRD).

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Internal Revenue Service

The Internal Revenue Service (IRS) is the revenue service of the United States federal government.

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International Swaps and Derivatives Association

The International Swaps and Derivatives Association (ISDA) is a trade organization of participants in the market for over-the-counter derivatives.

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Investment banking

An investment bank is typically a private company that provides various finance-related and other services to individuals, corporations, and governments such as raising financial capital by underwriting or acting as the client's agent in the issuance of securities.

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J.P. Morgan & Co.

J.P. Morgan & Co. is a commercial and investment banking institution founded by J. P. Morgan in 1871.

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John C. Hull

John C. Hull (born March 5, 1946) is a Professor of Derivatives and Risk Management at the Rotman School of Management at the University of Toronto.

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Journal of Applied Corporate Finance

The Journal of Applied Corporate Finance is a quarterly academic journal covering research in corporate finance, including risk management, corporate strategy, corporate governance, and capital structure.

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JPMorgan Chase

JPMorgan Chase & Co. is an American multinational investment bank and financial services company headquartered in New York City.

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Kaupthing Bank

Kaupthing Bank (Kaupþing banki) was a major international Icelandic bank, headquartered in Reykjavík, Iceland.

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Landsbanki

Landsbanki (literally "national bank"), also commonly known as Landsbankinn (literally "the national bank") which is now the name of the current rebuilt bank (here called "New Landsbanki"), was one of the largest Icelandic commercial banks that failed as part of the 2008–2011 Icelandic financial crisis when its subsidiary sparked the Icesave dispute.

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Law of large numbers

In probability theory, the law of large numbers (LLN) is a theorem that describes the result of performing the same experiment a large number of times.

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Lehman Brothers

Lehman Brothers Holdings Inc. (former NYSE ticker symbol LEH) was a global financial services firm.

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Leveraged buyout

A leveraged buyout (LBO) is a financial transaction in which a company is purchased with a combination of equity and debt, such that the company's cash flow is the collateral used to secure and repay the borrowed money.

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Libor

The London Inter-bank Offered Rate is the average of interest rates estimated by each of the leading banks in London that it would be charged were it to borrow from other banks.

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Liquidity risk

Liquidity risk is a financial risk that for a certain period of time a given financial asset, security or commodity cannot be traded quickly enough in the market without impacting the market price.

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Long (finance)

In finance, a long position in a financial instrument, means the holder of the position owns a positive amount of the instrument.

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Loss reserving

Loss reserving refers to the calculation of the required reserves for a tranche of general insurance business.

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LyondellBasell

LyondellBasell Industries N.V. is a public multinational chemical company with American and European roots, incorporated in the Netherlands, with U.S. operations headquarters in Houston, Texas, and global operations in London, UK.

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Margin (finance)

In finance, margin is collateral that the holder of a financial instrument has to deposit with a counterparty (most often their broker or an exchange) to cover some or all of the credit risk the holder poses for the counterparty.

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Mark-to-market accounting

Mark-to-market (MTM or M2M) or fair value accounting refers to accounting for the "fair value" of an asset or liability based on the current market price, or for similar assets and liabilities, or based on another objectively assessed "fair" value.

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MarketWatch

MarketWatch operates a financial information website that provides business news, analysis, and stock market data.

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Markit

Markit Ltd. is a global financial information and services company with over 4,000 employees, founded in 2003 as an independent source of credit derivative pricing.

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MBIA

MBIA, Inc. is a financial services company.

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Merrill Lynch

Merrill Lynch Wealth Management is a wealth management division of Bank of America.

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Mortgage-backed security

A mortgage-backed security (MBS) is a type of asset-backed security that is secured by a mortgage or collection of mortgages.

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Movie Gallery

Movie Gallery, Inc. (former NASDAQ ticker symbol MOVI) was the second largest movie and game rental company in the United States and Canada, behind Blockbuster Video.

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Mutual fund

A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities.

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Northwest Airlines

Northwest Airlines Corp. (often abbreviated as NWA and stylized as nwa) was a major United States airline founded in 1926 and absorbed into Delta Air Lines, Inc. by a merger.

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Notional amount

The notional amount (or notional principal amount or notional value) on a financial instrument is the nominal or face amount that is used to calculate payments made on that instrument.

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Notional principal contract

The term notional principal contract (NPC) is a term of art used by U.S. federal income tax professionals for contracts based on an underlying notional amount (other financial services professionals refer to such NPCs under the more general heading "swaps," although not all swaps are NPCs).

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Option (finance)

In finance, an option is a contract which gives the buyer (the owner or holder of the option) the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price on a specified date, depending on the form of the option.

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Over-the-counter (finance)

Over-the-counter (OTC) or off-exchange trading is done directly between two parties, without the supervision of an exchange.

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Par value

Par value, in finance and accounting, means stated value or face value.

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Participation loan

Participation loans are loans made by multiple lender to a single borrower.

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PAUG

PAUG ("Pay As You Go") refers to application of credit derivatives technology to structured finance products.

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Present value

In economics and finance, present value (PV), also known as present discounted value, is the value of an expected income stream determined as of the date of valuation.

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Private Equity Growth Capital Council

The American Investment Council (AIC), formerly the Private Equity Growth Capital Council (PEGCC), is a lobbying, advocacy, and research organization based in Washington, D.C., that was launched by a consortium of private equity firms in February 2007.

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Punitive damages

Punitive damages, or exemplary damages, are damages intended to reform or deter the defendant and others from engaging in conduct similar to that which formed the basis of the lawsuit.

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Quebecor World

Quebecor World Inc. was a printing subsidiary of Quebecor Inc. based in Montreal, Quebec.

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Real estate bubble

A real estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets, and typically follow a land boom.

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Recovery swap

In finance, recovery swaps, recovery locks, or recovery default swaps (RDS) are derivative contracts related to credit default swaps, and reference a bond issuance as its underlying.

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RNPV

In finance, rNPV ("risk-adjusted net present value") or eNPV ("expected NPV") is a method to value risky future cash flows.

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Savings and loan crisis

The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of 1,043 out of the 3,234 savings and loan associations in the United States from 1986 to 1995: the Federal Savings and Loan Insurance Corporation (FSLIC) closed or otherwise resolved 296 institutions from 1986 to 1989 and the Resolution Trust Corporation (RTC) closed or otherwise resolved 747 institutions from 1989 to 1995.

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SEC Rule 144A

Rule 144A.

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Security (finance)

A security is a tradable financial asset.

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Seeking Alpha

Seeking Alpha is a crowd-sourced content service for financial markets.

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Short (finance)

In finance, a short sale (also known as a short, shorting, or going short) is the sale of an asset (securities or other financial instrument) that the seller does not own.

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Special-purpose entity

A special-purpose entity (SPE; or, in Europe and India, special-purpose vehicle/SPV, or, in some cases in each EU jurisdiction – FVC, financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives.

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Speculation

Speculation is the purchase of an asset (a commodity, goods, or real estate) with the hope that it will become more valuable at a future date.

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Stanford Graduate School of Business

The Stanford Graduate School of Business (also known as Stanford GSB or GSB) is the graduate business school of Stanford University in Stanford, California.

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Swap (finance)

A swap is a derivative contract where two parties exchange financial instruments.

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Synthetic CDO

A synthetic CDO (collateralized debt obligation) is a variation of a CDO that generally uses credit default swaps and other derivatives to obtain its investment goals.

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Systemic risk

In finance, systemic risk is the risk of collapse of an entire financial system or entire market, as opposed to risk associated with any one individual entity, group or component of a system, that can be contained therein without harming the entire system.

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Tembec

Tembec Inc. was a paper company in Canada Founded by Frank Dottori.

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Title 11 of the United States Code

Title 11 of the United States Code, also known as the United States Bankruptcy Code, is the source of bankruptcy law in the United States Code.

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Toxic asset

Toxic asset is a popular term for certain financial assets whose value has fallen significantly and for which there is no longer a functioning market, so that such assets cannot be sold at a price satisfactory to the holder.

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Tribune Media

Tribune Media, also known as Tribune Media Company and formerly known as the Tribune Company, is an American conglomerate that is headquartered in Chicago, Illinois, United States.

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U.S. Securities and Exchange Commission

The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government.

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University of Toronto

The University of Toronto (U of T, UToronto, or Toronto) is a public research university in Toronto, Ontario, Canada on the grounds that surround Queen's Park.

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Volatility (finance)

In finance, volatility (symbol σ) is the degree of variation of a trading price series over time as measured by the standard deviation of logarithmic returns.

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Warren Buffett

Warren Edward Buffett (born August 30, 1930) is an American business magnate, investor, and philanthropist who serves as the chairman and CEO of Berkshire Hathaway.

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Washington Mutual

Washington Mutual, Inc., abbreviated to WaMu, was a savings bank holding company and the former owner of Washington Mutual Bank, which was the United States' largest savings and loan association until its collapse in 2008.

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Yield spread

In finance, the yield spread or credit spread is the difference between the quoted rates of return on two different investments, usually of different credit qualities but similar maturities.

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1997 Asian financial crisis

The Asian financial crisis was a period of financial crisis that gripped much of East Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion.

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2012 JPMorgan Chase trading loss

In April and May 2012, large trading losses occurred at JPMorgan's Chief Investment Office, based on transactions booked through its London branch.

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Redirects here:

"default credit swap", Credit Default Swap, Credit Default Swaps, Credit default swaps, Credit defaults swaps, Credit-default swap, Credit-default swaps, Default credit swap.

References

[1] https://en.wikipedia.org/wiki/Credit_default_swap

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