Credit default swaps and their application

Ewelina Sokołowska, Justyna Łapińska

Abstract


The market of credit derivatives has experienced enormous growth in recent years. One of the instruments, which play dominant role on the market are Credit Default Swaps. This paper examines the role of Credit Defaults Swaps on this marker and describes their possible application in separating and transferring credit risk.

Keywords


Credit Default Swap; Credit Derivatives; risk management; credit risk

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Online: 2013-10-21