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Q: please define a "loan credit default swap"

Category: glossary , Asked by: I. Farrell from United States

A: the "loan credit default swap " is A type of credit derivative in which the credit exposure of an underlying loan is swapped between two parties. A loan credit default swap's structure is the same as a regular credit default swap, except that the underlying reference entity is limited strictly to syndicated secured loans, rather than any loan or bond. Also know as a "loan-only credit default swap". As with regular CDS, these derivatives can be used to hedge against credit exposure the buyer may have or to obtain credit exposure for the seller. These products can also be used to make bets on the credit quality of an underlying entity to which parties have not had previous exposure. It is important to understand why LCDS are broken out separately from CDS. The fact that the reference loans are secured leads to higher recovery values if those loans default. As a result, LCDS generally trade at tighter spreads. Visit NobleTrading

    do you know what the "international securities identification number - iSIN" is?

    Category: glossary by X. Mcgee from Canada

    A code that uniquely identifies a specific securities issue. The organization that allocates ISINs in any particular country is the country's respective National Numbering Agency (NNA). All internationally traded securities issuers are urged to use this numbering scheme, which is now the accepted standard by virtually all countries. The United States and Canada primarily use a similar scheme known as a CUSIP number.

    Which site offers most reliable connection?

    Category: technical by Ryann P. From United States

    If you seek a site with the best server connection, we really recommend you to head for "FX Universal" - We are frequently content when trying to interface to the playing platform. The communication with the server is usually excellent. You never butt against the normal problems you normally encounter connecting to large servers. Also, it is simple to activate the trading environment.

    do you know what "National Savings Bank" is?

    Category: glossary by Z. R. From United States

    the "National Savings Bank " is The savings bank operated by the government's Department of National Savings. The majority of business is carried out through the Post Office.

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