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  1. en.wikipedia.org › wiki › Credit_default_swapCredit default swap - Wikipedia

    21 hours ago · Credit default swap. 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. [1] That is, the seller of the CDS insures the buyer against some reference asset defaulting.

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