credit default swap

[passcfaforsure]

Dear All:
Could you please give the example and some explaination of credit default swap. I have read many times but still not clear about this concept.
thank you so much for your time

 

[Alladin]

have you tried :
http://www.youtube.com/watch?v=P2cUh-e_Qkc

 

[Krisztina]

http://www.economicpopulist.org/content/credit-default-swaps-cds-explained

 

[geezie]

My understanding is that it hedges against default risk. Hence, if the credit quality of something deteriorates, the CDS gains; and if the credit quality improves, then the CDS loses.

 

[mohammad.belaal]

http://www.thecfaexperience.com/search/label/CDS
check it over my blog. A video tutorial and related articles to CDS for application.