Credit Protection Commitment

From Open Risk Manual


Credit Protection Commitment. The commitment in a Credit Default Swap, to protect against specified credit events.

Terms are defined as "Contingent Leg"; in FpML these are defined as "Protection Terms". They are terms of the CDS Contract.


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.