CDS Transaction. A Credit Derivative Swap transaction in which one party pays a fee for credit protection and another commits to enter into the contingent transaction if a Credit Event takes place.
This is embodied in a Fee Leg.
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.