Credit Swap/Credit Default SwapA swap that allows the transfer of credit risk of a security to a third party, responsible for payment of principal and interest on default.
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经过数十年的酝酿,互惠外汇信贷计划已经在亚洲中央银行开始运作,这似乎像一个令人信服使用的工厂。
After more than a decade in the works, a currency-swap scheme among Asian central Banks is beginning to look like a facility that might conceivably be used.