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A credit default swap index is a credit derivative used to hedge credit risk or to take a position on a basket of credit entities. Unlike a credit default swap, which is an over the counter credit derivative, a credit default swap index is a completely standardized credit security and may therefore be more liquid and trade at a smaller bid–offer spread. This means that it can be cheaper to hedge a portfolio of credit default swaps or bonds with a CDS index than it would be to buy many single name CDS to achieve a similar effect. Credit-default swap indexes are benchmarks for protecting investors owning bonds against default, and traders use them to speculate on changes in credit quality.

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  • Ein Credit Default Swap Index oder kurz auch CDS-Index ist eine Kennzahl für die Entwicklung der Kosten des Schutzes gegen Kreditausfall von ausgewählten Schuldnern. Er soll die Entwicklung des Kreditderivatemarktes repräsentativ dokumentieren. CDS Indizes werden in Basispunkten des Nennwerts notiert. Dieses gibt die jährlichen Kosten in Abhängigkeit vom versicherten Nennwert für eine anteilige Absicherung der im Index vertretenen Schuldner. Ein Credit Default Swap auf einen CDS-Index wird genannt. (de)
  • A credit default swap index is a credit derivative used to hedge credit risk or to take a position on a basket of credit entities. Unlike a credit default swap, which is an over the counter credit derivative, a credit default swap index is a completely standardized credit security and may therefore be more liquid and trade at a smaller bid–offer spread. This means that it can be cheaper to hedge a portfolio of credit default swaps or bonds with a CDS index than it would be to buy many single name CDS to achieve a similar effect. Credit-default swap indexes are benchmarks for protecting investors owning bonds against default, and traders use them to speculate on changes in credit quality. (en)
  • Il credit default swap index (CDX) è uno strumento finanziario affine al CDS o credit default swap. Mentre quest'ultimo è uno strumento che viene costruito per ogni particolare strumento sottostante (prestito od obbligazione), il CDX è uno strumento standardizzato, che copre molte attività sottostanti, come se fosse un paniere di singoli CDS. Questo strumento più liquido, si presta a essere trattato nei mercati come strumento a sé. Ogni sei mesi si determina una nuova serie di strumenti sottostanti, e poi l'indice viene rilanciato per essere trattato sul mercato. Copre società e crediti del mercato nordamericano e dei paesi emergenti. (it)
  • 信用違約互換指數(CDS指數)是一種來對沖信用風險的金融衍生產品,或可視作為一籃子信用衍生工具的投資組合。與信用違約交换透過櫃檯買賣的特徵不同,為了加強CDS指數的流動性,以及減少買賣價差,CDS指數是完全標準化的證券。相對於買入一組相同效果的CDS,買入一個CDS指數會比前者更節省交易成本。(类似于ETF基金) (zh)
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  • Ein Credit Default Swap Index oder kurz auch CDS-Index ist eine Kennzahl für die Entwicklung der Kosten des Schutzes gegen Kreditausfall von ausgewählten Schuldnern. Er soll die Entwicklung des Kreditderivatemarktes repräsentativ dokumentieren. CDS Indizes werden in Basispunkten des Nennwerts notiert. Dieses gibt die jährlichen Kosten in Abhängigkeit vom versicherten Nennwert für eine anteilige Absicherung der im Index vertretenen Schuldner. Ein Credit Default Swap auf einen CDS-Index wird genannt. (de)
  • A credit default swap index is a credit derivative used to hedge credit risk or to take a position on a basket of credit entities. Unlike a credit default swap, which is an over the counter credit derivative, a credit default swap index is a completely standardized credit security and may therefore be more liquid and trade at a smaller bid–offer spread. This means that it can be cheaper to hedge a portfolio of credit default swaps or bonds with a CDS index than it would be to buy many single name CDS to achieve a similar effect. Credit-default swap indexes are benchmarks for protecting investors owning bonds against default, and traders use them to speculate on changes in credit quality. (en)
  • Il credit default swap index (CDX) è uno strumento finanziario affine al CDS o credit default swap. Mentre quest'ultimo è uno strumento che viene costruito per ogni particolare strumento sottostante (prestito od obbligazione), il CDX è uno strumento standardizzato, che copre molte attività sottostanti, come se fosse un paniere di singoli CDS. Questo strumento più liquido, si presta a essere trattato nei mercati come strumento a sé. Ogni sei mesi si determina una nuova serie di strumenti sottostanti, e poi l'indice viene rilanciato per essere trattato sul mercato. Copre società e crediti del mercato nordamericano e dei paesi emergenti. (it)
  • 信用違約互換指數(CDS指數)是一種來對沖信用風險的金融衍生產品,或可視作為一籃子信用衍生工具的投資組合。與信用違約交换透過櫃檯買賣的特徵不同,為了加強CDS指數的流動性,以及減少買賣價差,CDS指數是完全標準化的證券。相對於買入一組相同效果的CDS,買入一個CDS指數會比前者更節省交易成本。(类似于ETF基金) (zh)
rdfs:label
  • Credit Default Swap Index (de)
  • Credit default swap index (en)
  • Credit default swap index (it)
  • 信用違約交換指數 (zh)
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