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The buyer of a credit swap receives credit protection, whereas the seller of the swap guarantees the credit worthiness of the product. By doing this, the risk of default is transferred from the holder of the fixed income security to the seller of the swap. For example, the buyer of a credit swap will be entitled to the par value of the bond by the seller of the swap, should the bond default in its coupon payments.
What else can I help you with?
What is a French term meaning reciprocity or mutual respect?
Detente - may be the word you are looking for.
What is the population of London Mutual Credit Union?
London Mutual Credit Union's population is 45.
What are the advantages of the Washington Mutual credit cards?
Researching has shown that there are a few advantages of the Washington Mutual credit cards. Some of the advantages are the zero fraud liability meaning that if one's account is used fraudulently online it would be covered. Another advantage is lower interest rates than other cards.
Which credit card uses trans union for establishing credit worthiness?
Washington Mutual
What is Washington Mutual credit card limit?
Varies with individual's credit score-they are not all the same.
Why Dr is use for debit and Cr for credit?
The term debit comes from the Latin debitum which means "that which is owing". Debit is abbreviated to Dr (for debtor). The term credit comes from the Latin credere/credit meaning "to trust or believe"/"he trusts or believes" via the French credit and the Italian credito. Credit is abbreviated to Cr (for creditor).
What is the meaning of mutual friends in urdu?
what is meaning is mautul friend
What is the meaning of the term retail merchant account?
The meaning of the term 'retail merchant account' is a bank that enables a business to accept payments from customers via credit cards. All businesses will need such an account to operate.
What is the meaning of 'trust' when referring to mutual funds?
Trust is entity that owns the mutual funds.
What is the meaning of mutual friend in facebook?
Mutual friends are the friends that you and someone else both have.
What are some of the benefits of Providian credit cards?
Due to the sale of Providian to Washington Mutual in 2005 and the later collapse of Washington Mutual, Providian credit cards essentially no longer exist. The assets of Providian/Washington Mutual are now owned by Chase, whose credit cards offer benefits such as points for traveling, dining, etc.
What credit card company uses Trans Union?
Washington Mutual
