new york life insurance company + ft.com

A credit default swap CDS is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a debt default by the debtor or other credit event. Members of LV one of the UKs oldest mutually owned life insurers have rejected a takeover by private equity group Bain Capital in a vote.


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That is the seller of the CDS insures the buyer against some reference asset defaulting.

. The buyer of the CDS makes a series of payments the CDS fee or spread to the seller and in exchange may.


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