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)