A Beginner’s Guide To Credit Default Swaps (Part 4)

Introduction This post continues the discussion of changes in the credit default swap (CDS) since 2007.  Part 2 and part 3 of this series of articles discussed changes in the mechanics of CDS trading.  This part will discuss changes around how credit events are handled, and future changes in the market. Changes in the CDS Market … Continue reading A Beginner’s Guide To Credit Default Swaps (Part 4)

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Closures in C#

Introduction There seems to be some confusion about closures in C#: people are mystified as to what they are and there’s even an implication that they don’t work the way you’d expect. As this short article will explain they are actually quite simple, and do work the way you’d expect if you’re an object oriented … Continue reading Closures in C#

A Beginner’s Guide to Credit Default Swaps (Part 3)

Introduction Part 1 of this series of articles described the basic mechanics of a credit default swap. Part 2 started to describe some of the changes in the market since part 1 was written.  This part will continue that description by describing the upfront fee that is now paid on a standard CDS contract, and … Continue reading A Beginner’s Guide to Credit Default Swaps (Part 3)