Credit Derivatives

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发表日期：

2024年

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Raymond H. Chan,
Yves ZY. Guo,
Spike T. Lee,
Xun Li

摘要

First introduced by JP Morgan in 1997, CDS (Credit Default Swap) remains the main instrument for credit exposure and hedging. Centralized clearing was put in place following the risks evidenced by the 2008 financial crisis.