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普及一下CDS

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慢慢鸽
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  信用违约互换CDS受到银行的欢迎,银行等金融机构通常用CDS来规避(向其贷款的)企业的信用风险。 在宏观基本面动荡的环境中,金融机构对CDS的需求增加,以帮助自己免受损失。反之,在经济繁荣时,贷款企业的违约风险通产大幅降低,金融机构则会反过来卖出CDS套利。
慢慢鸽
Author
信用违约互换CDS是一种信用衍生品,用于规避信用风险。当借款人偿付能力下降时,我们就会认为存在信用风险;此时最为稳妥的做法就是使用衍生工具对冲信用风险。对冲信用风险的通常做法是,合约买方通过支付一定的费用,将标的资产的信用风险转移至合约的卖方。这样,在标的资产的信用出现恶化时,买方就能依照合约内容获得补偿。
慢慢鸽
Author
信用违约互换CDS是一种信用衍生品,用于规避信用风险;对冲信用风险的通常做法是,合约买方通过支付一定的费用,将标的资产的信用风险转移至合约的卖方;鉴于信用违约互换的价差可以被视作信用风险的风向标

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