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Credit default swap prices soared to Icelandic levels.
"What is a credit default swap?" they ask.
The deal was known as a credit default swap.
The Greek default swap story has not quite ended, though.
A.I.G. was a key player in a type of unregulated derivative called a credit default swap.
That certainly suggests there are credit default swap contracts lurking out there.
Similar(17)
A credit-default swap is like an insurance policy.
The credit-default swap market provided one clue.
The price of credit-default swap (CDS) protection spiked upwards.
At least it will never be transformed into a credit-default swap.
You're known as the "intellectual father of the credit-default swap".
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