FRM: Credit linked note (CLN)
Автор: Bionic Turtle
Загружено: 2008-03-13
Просмотров: 77212
Описание: A CLN is similar to a credit default swap (CDS): both transfer credit risk to investors. However, the CLN is FUNDED; the bond owner does not really incur counterparty risk. Instead, the investors (CLN Buyers) incur counterparty risk. Plus, they are concerned with correlation between the CLN Issuer and the reference bond. For more financial risk videos, visit our website! http://www.bionicturtle.com
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