A credit default swap (CDS) is a financial swap agreement that the seller of the CDS will compensate the buyer (usually the creditor of the reference loan) in the event of a loan default (by the debtor) or other credit event.
This is to say that the seller of the CDS insures the buyer against some reference loan defaulting.
Our site has always been totally free and always will be. Our site allows you access every feature with no credit card required or even signing up.
If someone asks for your money ~ You are not on Adult Cyber Dating.net!
You can see every one of the hundreds of thousands of personal ads in the Cyber Dating Network totally free, even our adult personals!
Our advertisers pay us to show you advertisements and you get to use our adult dating personals totally free.
So enjoy our service, but please visit our sponsors so they keep paying us. Adult Cyber Dating.net, the Official Adult Cyber Dating Website.
In the event of default the buyer of the CDS receives compensation (usually the face value of the loan), and the seller of the CDS takes possession of the defaulted loan.However, anyone can purchase a CDS, even buyers who do not hold the loan instrument and who have no direct insurable interest in the loan (these are called "naked" CDSs). In addition to the basic, single-name swaps, there are basket default swaps (BDSs), index CDSs, funded CDSs (also called credit-linked notes), as well as loan-only credit default swaps (LCDS).