* In finance, an arrangement that provides a bondholder with insurance against default by the bond's issuer, usually in exchange for regular payments. * A form of credit derivative that can be ...

First, in the chart below, we compare the spreads on US bank credit default swap (CDS) (5-Year CDS) for some of the largest US banks by market cap: Wells Fargo, JPMorgan, Bank of America (BAC ...

A single credit-default swap trade, worth just €5 million, may have sparked Deutsche Bank’s share-price slump on Friday and is being probed. Bloomberg News reported, citing people familiar ...

Key Takeaways The Credit Default Swap Index (CDX) is a benchmark index that tracks a basket of U.S. and emerging market single-issuer credit default swaps.

NEW YORK, Oct. 10 -- In what may shape up to be the most expensive payout ever in the credit-default swap market, sellers of insurance against a debt default by Lehman Brothers will have to pay 91 ...

A credit derivative contract used as protection against a potential default on a debt security or for speculation. An investor buying a credit default swap pays a regular fee to transfer the risk ...

A credit default swap is, essentially, insurance purchased against the possibility of default. Credit default swaps became famous (or, rather, infamous) during the financial crisis of 2008-09.

Credit default swaps are a crucial profit center for big banks. According to a report by Deloitte, the financial instruments account for roughly $55 billion of the banking industry's annual revenue.