Kreditrisikohandel

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    The CDS Market For Lemons

    A stylized picture of a credit default swap is that it’s a way for a bank to offload to the market the credit risk of loans that it makes, while still funding those loans and making a profit on them. If you start from that stylized picture, you must at some point get comfortable with […]

    / Jun 1, 2012 at 4:03 PM

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