CDS was invented in 1997 by JP Morgan Chase Bank
Initially, pure CDS is an insurance contract assets risky but gradually CDS metamorphosis and become the game of the prevention fund risks
these funds do not keep a stock of a company, but said that the company is struggling financially and may soon bankrupt, so the insurance contract liabilities very high CDS prices with banks.
If this company is bankrupt real security risk management funds dark fruit, but if unfortunately the company overcome a difficult period, the hedging fund losses.
that CDS from forms a significant insurance has turned into a gamble.
increasingly gambling nature speculative and ultimately more dominant and it dominates the market CDS
đang được dịch, vui lòng đợi..
