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Quantitative Finance · Begrippenlijst

Wat is Credit event, determinations committee?

Ook bekend als: credit event · determinations committee

Definition 23.7 Markets II: Rates, FX and Credit · Hoofdstuk 23 — Credit Default Swaps

A credit event is one of the events listed in a CDS contract whose occurrence triggers the protection payment, such as the reference entity’s bankruptcy or failure to pay. A determinations committee (DC) is the body of dealers and investors that decides, for all standard contracts at once, whether and when a credit event has occurred and how it is settled.

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