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China Looks To Add Credit Default Swaps, Steven D. Dolvin
China Looks To Add Credit Default Swaps, Steven D. Dolvin
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Credit Default Swaps (CDSs) enable investors to hedge the risk of bond (or other credit securities) default. Like any derivative, they essentially allow investors to transfer risk -- from hedgers to speculators (or even between hedgers or speculators with different exposures). See article here, Reuters.
David Bowie: Finance Genius?, Steven D. Dolvin
David Bowie: Finance Genius?, Steven D. Dolvin
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Famous musician David Bowie just passed away. While most people remember him for his music, he is also famous in the finance area. Bowie was among the first to offer an asset-backed security, which in his case was based on future royalties from his songs. In recognition, this type of asset is often referred to as a "Bowie-bond." See article here, Bloomberg.