©Novel Buddy
Previous chapter:
Chapter 862 King of Wall Street (2)
Next chapter:
Chapter 864 King of Wall Street (4)
PREVIEW
... ies usually provided credit guarantees for collaterals and charged a fixed fee. However, as the collateral market became larger and larger, the demand for such insurance premiums also increased accordingly. In 1998, a standardized CDS contract appeared, which completely liquidated the credit risk and made it tradable in the market. Variety.
The subject matter of the CDS contract is credit risk. From this perspective, it is no different from those commodity contracts and stock contracts. ...
YOU MAY ALSO LIKE