Credit markets turned shaky in Asia on Monday, with the cost of insuring against corporate and sovereign default higher as ...

See how we rate investing products to write unbiased product reviews. A credit default swap (CDS) is a contract that allows one party (an investor) to transfer some or all risk to a third party ...

Fruhan, William E. "Saginaw Parts Co. and the General Motors Corp. Credit Default Swap (TN)." Harvard Business School Teaching Note 210-057, February 2010.

What was the utility of the credit default swap in that case? Well, the basic concept or the original driver of credit derivatives was for banks to be able to transfer credit risk off of their ...